The European Bank for Reconstruction and Development plans to grant a EUR 200 million loan in autumn to the Electric Power Industry of Serbia (EPS) for financial restructuring, the bank’s country director for Serbia Matteo Patrone told Tanjug agency.
The goal is to finally sign a loan contract for EPS restructuring before the year’s end, Serbian Wise Broker quoted him saying. Asked about loan details, Patrone stated it was too early to speak about it. EBRD country director for Serbia explained that the Government of Serbia will carry out EPS restructuring with help from World Bank representatives which are now working on the plan. It is part of the standby arrangement between Serbia and the International Monetary Fund, signed a few months ago, he added.