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IMF approves $1.57 bln loan deal for Bosnia

Wed Jul 8, 2009 6:30pm EDT

WASHINGTON, July 8 (Reuters) - The International Monetary Fund on Wednesday approved a $1.57 billion loan accord with Bosnia, which it said was designed to mitigate the effects of the global financial crisis.

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The IMF said it would immediately disburse $282.37 million to the Baltic country and the remainder in installments subject to quarter performance reviews.

(Reporting by Lesley Wroughton; Editing by Diane Craft)



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