Sarajevo, November 1998, Vol.
Annualized inflation continues to decline, and industrial output growth remains strong.
This devaluation also explains the much higher inflation rates in the RS after March. On 28 October, BiH signed an agreement to reschedule its pre-war debt with the Paris Club of sovereign creditors. The interest rate to apply to these repayments, and the detailed arrangements for rescheduling remaining debt repayment, will be determined bilaterally between BiH and each creditor country. These arrangements must be concluded by April 30, 1999. Thus, a country could accept equity stakes in BiH firms in place of repayment of the remaining debt owed to it.