At its session held today in Sarajevo, the Presidency of Bosnia and Herzegovina has adopted the decision on acceptance of the Annex IV of the Memorandum of Understanding for the Establishment of the Public Administration Reform Fund in BiH, which enables the Ministry of Foreign Affairs of Denmark to invest funds in the Public Administration Reform Fund in BiH.
Starting with 2014, the Ministry of Foreign Affairs of Denmark will make an investment in the PARF in the amount of 28.25 million DKK, which is approximately 3.76 million Euros, , in accordance to the payment schedule approved by the Ministry of Foreign Affairs of Denmark.
The means will be spent successively, in line with the dynamics of approving the Terms of Reference by the Joint Management Board , for various projects to be financed.
The funds will be used for financing projects which will support the realization of measures and activities stipulated in the Revised Action Plan 1 of the Strategy of the Public Administration Reform.