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At the last minute, Montenegro last month successfully paid the first instalment of a one billion US dollars loan owed to Exim Bank of China, a loan that threatened to crush the country’s economy as its national debt ballooned to 103 per cent of GDP. ....
Montenegro narrowly avoids Chinese dept trap, for now emerging-europe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from emerging-europe.com Daily Mail and Mail on Sunday newspapers.
The political consequences of NATO membership for Montenegro - New Eastern Europe - A bimonthly news magazine dedicated to Central and Eastern European affairs neweasterneurope.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neweasterneurope.eu Daily Mail and Mail on Sunday newspapers.
Chinese yuan bills Photo: Japanexperterna.se flickr.com Montenegro, one of the presumed front-runners of the EU accession process, is facing a financial predicament. The Western Balkan country is struggling to pay off a 1 billion US dollar Chinese loan for a controversial highway project, which has put the country in a dire financial situation. The expected debt repayment will begin in July of this year. This has put the newly elected government of Prime Minister Zdravko Krivokapić in a difficult situation. Krivokapić, who expressed his opposition to the highway project in 2014, has turned to the EU for financial assistance. The EU, however, has voiced their concerns for accepting such large loans in the past and at the time advised Montenegro not to proceed with the Chinese-financed project. ....
Seed Funding CFPs: “Enhancing Women’s Access to Employment” (Kosovo) 135SHARES The Democracy for Development (D4D) invites grassroots organizations from Kosovo to submit project proposals seeking to provide skills and employment opportunities for women grassroots and advocate for enhancing women’s access to labour market at the local municipal level. The selected grassroot organisations will also benefit from the ongoing mentoring program throughout the year. “Enhancing women’s access to employment” project aims to address women’s inactivity in the labour market in Kosovo and Albania. The overarching objective of the project is to increase women participation in the labour market through targeted advocacy in fighting gender discrimination, promoting decent jobs and implementing gender-friendly strategies that improve the presence of women in the labour market. ....