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04. September 2002 |
Montenegro to receive 20 million dollars for reforms, electric power industry
BELGRADE - Acting Yugoslav Finance Minister Veroljub Dugalic and World Bank's country manager for Yugoslavia Rory O'Sullivan on Wednesday signed two agreements on loans for structural adjustment and
stabilization of electricity supply in Montenegro, at the value of 20 million dollars.
Under the agreements, on the basis of which Yugoslavia would take World Bank loans on behalf of Montenegro, about 15 million dollars will be received for structural reforms and another five million dollars for support to the Montenegrin electric power industry, Dugalic said.
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