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The OPEC Fund
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  2. Housing Reconstruction Project

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Housing Reconstruction Project

Bosnia-Herzegovina

Borrower Bosnia-Herzegovina
Financing Type Public Sector
Instrument Project Loan
Focus Area Multisectoral
Approved 14.12.2004
Signed 23.02.2011
Status Completed
Loan Administrator OPEC Fund
Executing Agency Ministry of Human Rights and Refugees
Co-financiers government of BiH
OPEC Fund Contribution (US$m) 7.00
Total Project Cost (US$m) 8.00

An estimated 2.2 million people were forcibly displaced during the Balkan war. While one million still live abroad, the majority have sought to return to their homeland. This project will assist a priority government initiative to facilitate the resettlement of 200,000 refugees and displaced persons through the rebuilding of some 50,000 homes. OFID’s loan will co-finance the reconstruction of approximately 700 housing units. In some cases, the building work will be carried out by the beneficiaries, who will receive subsidies to help pay for technical support or contracted work, if required. The completed homes will provide accommodation for around 3,000 people and aid their reintegration into their home communities.

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