World Bank, Montenegro wrap up talks on EUR 59.1mn loan.

By bne IntelliNews June 27, 2011
Montenegro's finance ministry wrapped up negotiations with the World Bank on a EUR 59.1mn loan, which will be used for budget support and banking and financial sector reforms, a statement on the ministry's website said. The World Bank's board of directors is to give final approval for the loan in end-August or early September. The loan, which should come into effect by the end of the year, will have a 20-year repayment term with a five-year grace period. Its interest will equal the six-month EURIBOR plus 0.8%.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335