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June 11, 2003 - Wednesday |
WB approves 80-million-dollar loan to Serbia-Montenegro
19:09 BELGRADE , June 11 (Tanjug) - The World Bank Board of Directors has approved an 80-million-dollar loan to Serbia-Montenegro, with the aim of supporting the reforms of the private and financial sectors, the Serbian government said in a statement on Wednesday.
The loan is intended for the Serbian budget and it will be interest free, with the payment of .75-percent administrative costs, a 10-year grace period and 10-year repayment deadline, the statement said.
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