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Montenegro
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Montenegro’s Foreign Debt Rises to 474.1 Mln Euro at End-Sept

Nov 5, 2008, 2:32:22 PMArticle by Denitsa Koseva
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November 5 (SeeNews) - Montenegro’s foreign debt rose to 474.1 million euro ($615.6 million) at the end of September, up by 12 million euro from the end of 2007, Finance Ministry data showed on Wednesday.

Montenegro’s Foreign Debt Rises to 474.1 Mln Euro at End-Sept

The foreign debt of the Adriatic country of 620,000 people at the end of September was equivalent to 16.3% of the gross domestic product, the Finance Ministry said in its quarterly bulletin.

Comparative figures for the first nine months of 2007 were unavailable.

MONTENEGRO 9-MO FOREIGN DEBT (in millions of euro)

Debt % of GDP
Total 474.1 16.3
- to the International Bank for Reconstruction and Development 190.9 6.6
- to the International Finance Corporation 7.8 0.3
- to the Paris Club of government creditors 132.9 4.6
- to the International Development Organisation 51.1 1.8
- to the European Investment Bank 36.6 1.3
- to the European Bank for Reconstruction
and Development 5.6 0.2
- to the Council of Europe Development Bank 1.7 0.1
- to the Kreditanstalt fuer Wiederaufbau 9.7 0.3
- other 32.3 1.1

($=0.7720 euro)

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