Serbia to get USD 8.5mn under Yugoslav debt settlement with Albania.

By bne IntelliNews December 15, 2010
Albania signed an agreement to settle its USD 23.84mn debt to the former Yugoslav countries, under which Serbia will receive USD 8.5mn, news agency BETA reported. The payment includes USD 7.4mn principal and USD 1.1mn interest. The parties to the agreement on behalf of Yugoslavia's successor states are Bosnia and Herzegovina, Macedonia, Serbia, Slovenia, Croatia and Montenegro. The interest rate will be calculated, based on the 6-month USD LIBOR for the period from March 31, 2006 until September 30, 2009 until Albania signs individual bilateral agreements with each country.

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