A new installment of debt just became due: We repaid 22 million euros of Tito's loan!
More than 4 million euros went for the interest rate alone
Early this morning, Serbia paid exactly 21.99 million euros from the state budget based on loans taken out by prime ministers of (Yugoslav president) Josip Broz Tito from world creditors during the 1970s and 1980s, Telegraf Biznis has learned.
Of this, 17.87 million euros relates to the principal, while 4.12 million relates to the interest rate.
This concerns a repayment of obligations on rescheduled loans incurred in the 1970s and 1980s - that is, a World Bank loan, which matured yesterday, December 15, 2019 (under the Consolidation Loan B), but the debt was paid this morning considering that yesterday was Sunday.
This information has been confirmed for our portal also by the National Bank of Serbia, which said that between 2020 and 2024, around 213 million euros will be repaid annually, while around 86 million will be repaid annually starting from 2025.
According to the repayment schedule, obligations will continue to be due towards the Paris Club of Creditors until 2041, toward the World Bank until 2031, and until 2034 toward Kuwait.