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07. April 2010.
Serbian and Russian ministries of finance signed the agreement today (April 7, 2010) on the loan of 200m USD for covering Serbian budget deficit.
Serbian Minister of Finance Diana Dragutinović said after she signed the agreement that the repayment period for the loan was 12 years with the grace period of two years.
- The money will arrive in Serbia one week after the Parliament of Serbia adopts the law on debt - Ms. Dragutinović said.
As the Ministry of Finance of Serbia announced earlier, the annual interest rate will be determined on the basis of LIBOR for six-month deposits in U.S. dollars, plus 2.95%.