The Government of Montenegro has successfully completed a transaction that reduced the interest rate on the loan to theChineseExim Bank and made it possible to save eight million euros annually, Finance and Social Welfare Minister Milojko Spajić said.
The minister explained that this arrangement made it possible to reduce the interest rate on the debt to China’s Exim Bank from two percent in dollars to 0.88 percent in euros.
“This is an agreement with banks in which we are lowering interest rates, and the lender is still China’s Exim Bank, but two American and one French bank took part in the deal,” Spajić said, adding that these are the world’s best-known banks.