The Government of Montenegro will issue government bonds in the amount of up to EUR 50 million in order to provide the missing funds for financing the budget for this year and create a fiscal reserve.
At today’s session, the government adopted the Information on the issuance of state bonds.
“The government tasked the Ministry of Finance to carry out all the necessary activities related to the issue or issues of government bonds in the amount of up to 50 million euros, by the end of 2023,” the announcement states.
Information on the need to provide funds for the project of general overhaul of the railway, rehabilitation of steel bridges and tunnels, as well as for the modernization of depots and workshops was also adopted at the session.
“The government agrees that the missing funds of eight million EUR, necessary for the implementation of the project, will be provided from an additional credit arrangement or from the state budget,” the announcement states.
The realization of that project is foreseen from the credit arrangement with the European Investment Bank (EIB).
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