Cvijanović: Republika Srpska must find a way to protect itself

Cvijanović: Republika Srpska must find a way to protect itself

Republika Srpska President Željka Cvijanović says she has low expectations from the session of the BiH Central Bank’s Board of Directors, as they are aware that the blockade of access to the IMF funds of EUR 330 million was due to the fact that the Bosniak and Croat parties failed to reach an agreement over the problems within FBiH, i.e. the distribution of funds between the federal and canton levels, thus Republika Srpska needs to find a way to legally protect itself.

“In essence, it is a difficult political misunderstanding or a problem that has existed there for years, which now, unfortunately, has also affected this arrangement”, Cvijanović told the press.

She points out that Republika Srpska suffers damage due to the unsettled relations.

“There are some unprincipled things here – the first is that the allocated money lies here for a month, and the second thing is that we have to pay interest for money we have not withdrawn. Republika Srpska suffers damage due to such unsettled relations and I am of the opinion that we have to take certain legal actions and protect ourselves, because we would not enter into such an arrangement if we knew that there would be such speculations, tricks and fraudulence behind it”, Cvijanović pointed out.

She emphasized that Republika Srpska is not interested in the unsettled relations within FBiH.

“Having sat down with someone and having reached an agreement, defined and signed the Letter of Intent, did everything related to that arrangement, we expect to withdraw the funds, otherwise we would not have engaged in talks”, Cvijanović said.

She went on to say that she does not expect any progress in the short term and that she believes that Republika Srpska must take legal actions to protect itself./ibna