BANJA LUKA, Bosnia (Reuters) - The parliament of Bosnia's autonomous Serb Republic approved a bill raising wages by up to 12.5 percent on Wednesday, violating terms agreed under a loan deal with the International Monetary Fund, in a move seen as a sweetener ahead of October elections.
Last week, the IMF Executive Board postponed at the last minute a meeting called to conclude a review of Bosnia's loan programme which would unlock fresh aid, saying its staff needed more time to evaluate recent cabinet decisions to increase spending.
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