Bosnia has sent a letter of intent to the IMF asking for the extension of its current EUR 390mn stand-by loan deal with the fund, which will expire in September 2014 , the IMF's resident representative in Sarajevo , Ruben Atoyan , was quoted as saying by Dnevni Avaz daily. Atoyan added that the country's finance ministers at all levels signed the letter of intent on Wednesday, January 15 , thanks to the recent decision of the Federation's Constitutional Court which enabled Ante Krajina to continue to perform the function of the Federation's minister of finance. On Jan 3 , the Federation's President Zivko Budimir dismissed Krajina, claiming he was the responsible minister for the poor state of the Federation's budget and the "illegal" decrease in the benefits of wartime veterans. The dismissal jeopardised internal and external debt payments, as well as other budgetary payments in Bosnia's Federation, as they cannot be made without the signature of the finance minister. The IMF have already postponed twice its Executive Board meeting due to the political deadlock in the Federation in early 2014 and Bosnia's state-level parliament failure to approve the 2014 budget by the IMF's December 9 deadline. The IMF is currently in the process of fixing a date for the approval of the fifth review under Bosnia's 24-month deal and the country's request for extension and enlargement of the agreement, Atoyan also underscored.
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