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Montenegro Looks to Refinance Chinese Debt Trap Loan Used to Build 'Road to Nowhere'

SAVO PRELEVIC/AFP via Getty Images
7 Jul 2021
Montenegro is negotiating with “a number of Western banks from Europe and the United States” to refinance almost a billion dollars in loans taken out from Chinese banks to finance a lavish road construction project, the country’s economy minister, Jakov Milatovic, said Wednesday.
Milatovic did not name any of the banks in question, but said he is “very optimistic” a deal will be reached within “weeks” to refinance Montenegro’s two-percent Chinese debt at one percent or less.
“There are two options: the first is to refinance, the second is to swap the loan, or the third option is to do part of the first one and part of the second one. We believe we can get much better terms,” he insisted. ....

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Montenegro Looks to Refinance Chinese Debt Trap Loan Used to Build 'Road to Nowhere'

Montenegro Looks to Refinance Chinese Debt Trap Loan Used to Build 'Road to Nowhere'
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Montenegro's best outdoor adventures - Lonely Planet

Montenegro's best outdoor adventures - Lonely Planet
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蛤! 一棟房子只要一歐元? 市長：要為小鎮注入新生命 | 旅遊

蛤! 一棟房子只要一歐元? 市長：要為小鎮注入新生命 | 旅遊
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