World Bank offers a new 150 million Euro loan for FYROM

World Bank offers a new 150 million Euro loan for FYROM

Skopje, October 13, 2014/Independent Balkan News Agency

By Naser Pajaziti

Government in Skopje has been offered a 157 million Euro loan from the World Bank. The loan consists of two installments. The first approved installment amounts to 52 million Euros, while the second one, which will be approved next year, amounts to 105 million Euros.

The loan was secured by the minister of Finance, Zoran Stavrevski, who is staying in Washington, accompanied by the governor of the State Bank, Dimitar Bogov, in the framework of the annual meetings of the World Bank and International Monetary Fund.

“We have managed to secure this loan which will serve for infrastructural projects and the green light has been given by the World Bank. Financial international institutions have positively assessed the government’s budget policies for capital investments in short term periods, because this offers better conditions for economic growth”, said minister Stavrevski.

According to him, the World Bank and IMF have praised the engagement of the Macedonian government to address the challenges of the European economic crisis. /ibna/