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World Bank Ready to Finance Infrastructure Projects in Serbia

The World Bank is ready to finance infrastructure projects in Serbia, including the construction of Corridor X, which is intended to connect Budapest with Thessaloniki, with the condition being the macroeconomic stability of Serbia, stated Serbian Prime Minister Mirko Cvetković at a press conference on Tuesday following a meeting with representatives of the World Bank.

The World Bank delegation, which spent several days in Serbia, was led by Shigeo Katsu, the bank’s Vice President for Europe and Central Asia. Cvetković stated that they discussed financing the overall infrastructure in Serbia over the next three to four years, and the government was asked to develop a financing plan that would clarify which projects would be funded from the state budget and which through loans. According to the Prime Minister, representatives of the World Bank emphasized that macroeconomic stability is a condition for that international financial institution to finance projects in Serbia. (H)