Serbia's debt to Germany to be turned to ecological investment

Minister of Finance of Serbia, Mlađan Dinkić, stated that he expected that the agreement on replacement of Serbia's debt to Germany in amount of 25m EUR would be signed the following week by the representatives of that Ministry and German Credit Institute (KfW).

The Government of Serbia has accepted the draft agreement on replacement of Serbia's debt to Germany and approved investments worth about 5.5m EUR from the budget of Serbia in ecological project for rehabilitation of remote heating system in the Republic.

Germany is the first country, a member of the Paris Creditors Club, which agreed to replace Serbia's foreign debt for the investments into capital projects in Serbia.

Dinkić said that the other agreements with significantly bigger amounts for replacement of debts would be signed soon, especially those intended for construction of part of "Corridor 10" in Serbia.