Q:
A:
Italy writes-off €96 million of Serbian debt
Belgrade,
1 December 2006
State Secretary at the Serbian Ministry of International Economic Relations Vlatko Sekulovic said today that on December 4 Italy will write off part of Serbia’s debt to the Paris Club of Creditors, in the amount of €96 million.
Vlatko Sekulovic
Author:
Fonet
In a statement to the news agency Beta, Sekulovic specified that the agreement on the writing-off of debt will be signed on December 4 in Belgrade. He recalled that Serbia’s debt to Italy will then be €79 million, reprogrammed to be paid by 2041.
According to Sekulovic, Serbia’s debt to Italy makes up 5% of the total debt to the Paris Club of Creditors.
Italy is the last country with which Serbia has reached agreement on a write-off of debt, thus fulfilling the agreement from 2001 between the former Federal Republic of Yugoslavia and the Paris Club of Creditors on a write-off of 66% of debt, in the amount of $ 4.6 billion.
Bilateral negotiations were conducted on the basis of that document with member countries of the Paris Club of Creditors, which resulted in the signing of agreements with 16 countries.
According to Sekulovic, Serbia’s debt to Italy makes up 5% of the total debt to the Paris Club of Creditors.
Italy is the last country with which Serbia has reached agreement on a write-off of debt, thus fulfilling the agreement from 2001 between the former Federal Republic of Yugoslavia and the Paris Club of Creditors on a write-off of 66% of debt, in the amount of $ 4.6 billion.
Bilateral negotiations were conducted on the basis of that document with member countries of the Paris Club of Creditors, which resulted in the signing of agreements with 16 countries.
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