A conference of international donors pledged more than 1.8 billion euros ($2.43 billion) on Wednesday to help Bosnia and Serbia recover from devastating floods in May. The European Commission, the EU executive, said the conference had mobilized pledges of 809 million euros for Bosnia and 995 million euros for Serbia, plus 41 million euros for cross-border activities. Bosnia and Serbia belong to the same river basin, which requires efficient regional cooperation. In May, the heaviest rainfall in more than a century caused rivers in Bosnia, Serbia and Croatia to burst their banks, sweeping away roads, bridges and homes. The Commission's statement estimated damage and economic losses at around 2 billion euros in Bosnia and 1.5 billion euros in Serbia. Read More http://ift.tt/1ytbjAV
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