In September alone, Serbia will repay more than 85 million euros in old loans from the budget, all on the basis of loans taken by Tito’s prime ministers.
Tito’s prime ministers took these loans from world creditors during the 1970s and 1980s, Blic Business has learned.
It is a part of the loan that Milka Planinc and Veselin Djuranovic took during the former SFRY from the Paris Club and the World Bank, and whose last installment matures in 2041 and 2031, respectively.
In September, the first payment of 75.3 million euros of credit is due to the Paris Club of creditors, of which about 13 million euros is interest. Exactly on September 15, the loan of 11 million that Serbia took from the World Bank is due.
During the 1970s and 1980s, Serbia borrowed a total of 8.8 billion euros. We received 3.8 billion dollars from the Paris Club, 2.2 billion from the London Club … In previous years, we returned an average of about 250 million euros, last year about 230 million, and this year even more.
We owe the most to the Paris Club – 1.09 billion euros when, as a republic, it borrowed a total of four billion euros four decades ago. In second place is the World Bank (700 million euros), ie its branch IBRD, which approved 1.8 billion in the same period, and we will repay the loans for a long time to China (15.9 million) and Kuwait (253.1 million) .
Croatia and Slovenia repaid their debts 10 years ago
The Croats paid the last dollar to the Paris and London clubs ten years ago. Croatia repaid the last installment of 192 million dollars to the Paris Club in 2008, and the installment of 78 million dollars to the London Club, a year later. The last installment of a total of 525 million dollars was paid by the Slovenes in 1995, they confirmed to us in the local central bank.
By the way, among the biggest obligations that are coming to Serbia for collection this year is certainly the debt on Eurobonds – a total of 196 million euros, and that was paid in February. Slightly more than 53 million on the same basis were due and paid in March this year, while 53 million are due in September. According to the World Bank, a total of 44 million euros is due this year, B92 reports.
