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Montenegro Getting European Help To Refinance Its Massive China Debt

Montenegro Getting European Help To Refinance Its Massive China Debt
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EU Aspirant Montenegro Looks to Europe to Escape China s Embrace

EU Aspirant Montenegro Looks to Europe to Escape China’s Embrace Apr 22 2021, 1:05 PM April 22 2021, 9:30 AM April 22 2021, 1:05 PM (Bloomberg) European Union candidate Montenegro is seeking to expand ties with the bloc, including possibly refinancing a Chinese loan it took to build its first highway that once threatened to wreck its public finances. (Bloomberg) European Union candidate Montenegro is seeking to expand ties with the bloc, including possibly refinancing a Chinese loan it took to build its first highway that once threatened to wreck its public finances. After the country of 620,000 underwent a historic power shift last year, Prime Minister Zdravko Krivokapic’s government has appealed for EU support to refinance the debt, which equaled a fifth of the economy when it was taken in 2014. A previous government borrowed the funds under China’s Belt and Road initiative in defiance of warnings that it would subject Montenegro to undue influence from Bei

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