WASHINGTON, Dec 17 (Hina) - The World Bank and the Yugoslav government on Monday signed agreements on the rescheduling of Yugoslavia's debts in the amount of almost two billion dollars. According to a statement issued by the World
Bank, this was an important step towards the normalisation of relations between the Washington-based bank and the Belgrade authorities. A Bank's representative in charge of Yugoslavia, Rory O'Sullivan, and Yugoslav Deputy Premier Miroljub Labus signed six agreements on the consolidated loans, regulating the rescheduling of 1.9 billion dollars of Yugoslav debts to the Bank. The statement does not disclose details of the conditions and maturity. O'Sullivan said the World Bank will in the next ten years assist the reconstruction and economic stabilisation of Yugoslavia. The Bank is expected to soon grant US$70 million of a non-interest IDA loan for the structural adjustment of
WASHINGTON, Dec 17 (Hina) - The World Bank and the Yugoslav
government on Monday signed agreements on the rescheduling of
Yugoslavia's debts in the amount of almost two billion dollars.
According to a statement issued by the World Bank, this was an
important step towards the normalisation of relations between the
Washington-based bank and the Belgrade authorities.
A Bank's representative in charge of Yugoslavia, Rory O'Sullivan,
and Yugoslav Deputy Premier Miroljub Labus signed six agreements on
the consolidated loans, regulating the rescheduling of 1.9 billion
dollars of Yugoslav debts to the Bank.
The statement does not disclose details of the conditions and
maturity.
O'Sullivan said the World Bank will in the next ten years assist the
reconstruction and economic stabilisation of Yugoslavia.
The Bank is expected to soon grant US$70 million of a non-interest
IDA loan for the structural adjustment of the Yugoslav economic
system.
(hina) lml