"Serbia could borrow from China and Russia"
A Finance Ministry official says that "should the government measures prove successful", the country will not need additional money.
Sunday, 12.04.2009.
11:33
A Finance Ministry official says that "should the government measures prove successful", the country will not need additional money. But, Slobodan Ilic also stated that should the need arise, Serbia "will negotiate with all the countries that could offer loans under favorable conditions, including Russia and China". "Serbia could borrow from China and Russia" In a bid to overcome the economic crisis, the country has recently made an arrangement worth EUR 3bn with the IMF, along with a commercial loan of EUR 550mn, Ilic said. "As far as I'm aware, we already have talks with the Chinese and the Russians, but over some non-dedicated loans that are not related to covering the budget deficit," this official revealed.
"Serbia could borrow from China and Russia"
In a bid to overcome the economic crisis, the country has recently made an arrangement worth EUR 3bn with the IMF, along with a commercial loan of EUR 550mn, Ilić said."As far as I'm aware, we already have talks with the Chinese and the Russians, but over some non-dedicated loans that are not related to covering the budget deficit," this official revealed.
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