Bosnia and Kuwait signed an agreement here Tuesday under which Kuwait will provide Bosnia with a 45-million-dollar (30-million-euro) loan to build a portion of a key highway, officials said.
The loan will be used for the construction of a 2.5-kilometre (1.5-mile) stretch of a corridor linking the Hungarian capital Budapest with the Adriatic coast, Bosnian Finance Minister Dragan Vrankic told local media.
It was signed on the second day of a visit to Bosnia by Kuwaiti Prime Minister Sheikh Nasser Mohammad al-Ahmad al-Sabah.
The credit payback time is 25 years, with a five-year grace period and a two percent interest rate.
Bosnia is still struggling to recover from the 1992-1995 factional war that claimed at least 100,000 lives and devastated the former Yugoslav republic's economy and infrastructure.
