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April 21, 2003 - Monday |
Loan for privatization continuation, Vlahovic
BELGRADE - Serbian Minister for Privatization Aleksandar Vlahovic has said that the agreement with the World Bank will provide 80 million dollar support to Serbia's budget in 2003, but this means that Serbia will have to set up new institutions in the private and financial sectors.
The 80-million-dollar credit from the three-year arrangement with the World Bank is under the most favorable, IDA, conditions: 0.75 percent interest rate, a 10-year grace period and a 20-year payment period.
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