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August 14, 2022

Finance Ministry pays higher interests to EU

The Ministry of Public Finance (MFP) pays interests between 2.375 pc and 3.375 pc for the first three installments of the loan agreement with the European Union (EU), Mediafax reports. The costs are slightly lower in the case of World Bank (WB) financing, at 2 pc a year, and of the first tranches received from the International Monetary Fund (IMF), at 2.3 pc a year. The figures are included in the Public Debt Management Strategy 2011-2013, approved by the Government last Wednesday.

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