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Belgrade – Early this morning, Serbia paid exactly 11 million euros from the budget on the basis of loans from the period of the 1970s and 1980s.
Source: Blic
Photo: Epa, ANDREJ CUKIC
This is a part of the loan that Milka Planinc and Veselin Urani took during the former RFSY of the Paris Club and the World Bank, and whose last installment is due in 2041 and 2031, respectively, writes Blic.
This month alone, Serbia will repay more than 85 million euros in old loans from the budget. First, 75.3 million euros are owed on the loan, according to the Paris Creditors Club, of which about 13 million euros are interest.
Then, on September 15, the 11 million loan that Serbia took from the World Bank and that we paid this morning matures. During the 1970s and 1980s, our country borrowed a total of 8,800 million euros.
Today, what we owe the most to the Paris Club is about a billion euros, when, as a republic, it borrowed a total of four billion euros four decades ago.
Second is the World Bank (€ 700 million), that is, its IBRD branch, which approved € 1.8 billion in the same period, and we are repaying loans to China and Kuwait. By the way, Serbia did not repay its obligations to creditors from the period of the Socialist Federal Republic of Yugoslavia between May 1992 and April 2002.
It concluded agreements on its regulation with the Paris and London clubs and with the World Bank from 2001 to 2005. On the other hand, Croatia and Slovenia repaid the loans they took during Tito’s time.
The Croats paid the last dollar to the clubs in Paris and London 11 years ago. Croatia returned the last $ 192 million installment to the Paris Club in 2008, and the $ 78 million installment to the London Club a year later.
The neighbors have paid in full the old debt that Croatia had with the World and European Investment Bank.
Slovenians were even more responsible in repaying government loans. They paid the last installment of a total of 525 million dollars in 1995.
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