On August 11, 2009, the European Commission approved the first of two financial packages that are slated for adoption in 2009 and are related to the continuing institution-building efforts in Bosnia and Herzogovina.

This initial € 39 million grant is intended mitigate the effects of the current financial and economic crisis on Bosnia and Herzogovina by (1) supporting the development of small and medium-sized businesses; (2) providing substantial investment in the country’s transportation, environment and energy infrastructures; and (3) infusing funds into the Deposit Insurance Agency to allow it to prevent the outflow of deposits as a result of the current economic crisis. The grant will require substantial loan financing from various international financial institutions, including the European Investment Bank, the European Bank for Reconstruction and Development and the Kreditanstalt für Wiederaufbau.