Lack of Transparency on Bosnia Flood Cash Heavily Criticized

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A new report by Brana (Dam), a coalition of 23 CSOs formed at the end of 2014 to monitor the transparency of recovery projects and international donations used in Bosnia after the floods, highlights the lack of transparency on use of reconstruction money. During 2015, Brana monitored the use of 380,320,238.29 KM (approx. EUR 194 mil), provided by donor organisations and Bosnian institutions for reconstruction. Out of this sum, 195 million KM (approx. EUR 99 mil) was allocated directly through government institutions, whose transparency Brana has especially criticised. According to the report, there is not enough information on around 46% of the funds spent through Bosnian institutions, meaning the entire process of spending, from the allocation of the funds to the contractors and final beneficiaries, could not be traced. Transparency improved, however, when it came to tracking the use of funds allocated by international donors, where information is available for 90% of these funds. More information is available here.
Source: Balkan Insight

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