NewsThe state needs to repay EUR 2.5 billion in three years

The state needs to repay EUR 2.5 billion in three years

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In the next three years, Montenegro will have to pay around EUR 2.5 billion in order to “fill the financial gaps created before 2020”.

As they state, in 2024 we need to return EUR 758 million, in 2025 EUR 1.15 billion and in 2026 EUR 598 million.

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In September, they say, Montenegro expects to begin closing the long-standing financial hole (before 2020) of EUR 2.5 billion that it needs to repay in the next three years.

– Specifically and by year, we have to return the following amounts of the debt principal: 758 million EUR in 2024, 1.15 billion EUR in 2025 and 598 million EUR in 2026. In total, what is said: EUR 2.503 billion – they wrote on Facebook.

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They point out that on Thursday the Secured Overnight Financing Rate (SOFR) – the interest rate on borrowed funds for one day of the SOFR – jumped to 5.3%; the highest, ever, and add that the expected SOFR values ​​are: September 2023 – 5.4%, September 2024 – 4.5%, September 2025 – 3.8%.

– Just for the sake of comparison, in December 2020, when we borrowed at an interest rate of 2.87%, SORF was only 0.1%. Therefore, if SOFR is to be believed, in 2023 on the international capital market, we can hardly borrow at an interest rate below 7, and maybe not even below 8% – Fidelity consulting concludes.

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