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Montenegro

RADUNOVIC Explained 26. 11. 2019.   >>  16:50 0

RADUNOVIC Explained

In 2020, we are borrowing up to EUR 100 million

Finance Minister Darko Radunovic told TVCG that the informationthat Montenegro will borrow EUR 590 million next year, which appeared in some media, is false.

Missing funds amount to 90million euros, and if we eventually enter the financial market during 2020, it will be for servicing liabilities in 2021, Radunovic explains.

“This year we have borrowed 500 million for the next year, so the missing funds for next year could be around 90 to 100 million euros.If we eventually go to market in the next year, when we get the guarantees of the SB to support budget sustainability, then we would, as we had previously entered the market, try to secure funds for 2021, ”Radunovic said.

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