Serbia to make early loan repayment worth USD 400mn

The Serbian government has adopted Finance Minister Mlađan Dinkić’s proposal to make an early repayment of a half of the debt to the London Club of Creditors.

Izvor: B92

Sunday, 17.03.2013.

13:18

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BELGRADE The Serbian government has adopted Finance Minister Mladjan Dinkic’s proposal to make an early repayment of a half of the debt to the London Club of Creditors. The early repayment worth USD 400mn will be made in the end of April. Serbia to make early loan repayment worth USD 400mn At the moment, Serbia owes the London Club of Creditors USD 860mn. Thanks to the early repayment and repayment of the regular installment, the country’s total public debt will be reduced by USD 435.8mn. Serbia is able to make early payments of expensive loans thanks to significant solvency the Serbian budget has secured in the last several months. Fiscal policy measures have also given great results in decreasing interest rates on the public debt. Thanks to the early repayment in April, Serbia will save RSD 1.1bn and significant savings will be made in the next several years bearing in mind that the country will have to allocate less money for payment of interest rates. B92

Serbia to make early loan repayment worth USD 400mn

At the moment, Serbia owes the London Club of Creditors USD 860mn. Thanks to the early repayment and repayment of the regular installment, the country’s total public debt will be reduced by USD 435.8mn.

Serbia is able to make early payments of expensive loans thanks to significant solvency the Serbian budget has secured in the last several months. Fiscal policy measures have also given great results in decreasing interest rates on the public debt.

Thanks to the early repayment in April, Serbia will save RSD 1.1bn and significant savings will be made in the next several years bearing in mind that the country will have to allocate less money for payment of interest rates.

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