On May 10, Serbian Finance Minister Siniša Mali signed two loan contracts worth a total of 234.6 million euros, a program loan for public policy on climate change and a loan for the railway sector modernization project in Serbia using a phased program approach.

The agreements were signed with the French Ambassador to Serbia, Jean-Louis Falconi, Cécile Couprie, Eurasia regional director of the French Development Agency (AFD), and Linda van Gelder, World Bank regional director for the Balkans Westerners.

Serbian Prime Minister Ana Brnabić also attended the signing following an earlier meeting with Couprie. Brnabić told reporters that both contracts relate to the environment and are part of Serbia’s and the EU’s green agenda.

She explained that the first agreement was for a program loan for public policies related to climate change and was worth 132.6 million euros, including 82.6 million euros from the European Bank for Reconstruction and Development. and 50 million euros from AFD.

The loan for the modernization of the railway in Serbia is governed by a different agreement, worth 102 million euros, co-financed by AFD and the WB to the tune of 51 million euros each. (EURACTIV.rs | betabriefing.com)