Serbia Receives $ 800m Loan

Politics ♦ Published: December 8, 2012; 19:03 ♦ (Vindobona)

The World Bank grants Serbia a loan of $ 800m. The loan covers Serbia´s budget deficit and enable the government to put more effort into infrastructure investments.

Serbia Receives $ 800m Loan / Picture: © World Bank

Due to the difficult economic situation, the World Bank supports Serbia. First of all, the financial institution grants $ 300m for the budget. Another $ 150m will be invested in infrastructure projects The most important issue is the road reconstruction. In 2014, Serbia will receive another $ 350m. Since 2000, the World Bank has granted more than $ 2.0bn to Serbia.

This week, the…