Opposition Party: Green Bonds Entail Additional Borrowing by Serbia | Beta Briefing

Opposition Party: Green Bonds Entail Additional Borrowing by Serbia

Source: Beta
News / Politics | 21.06.21 | access_time 17:49

Belgrade panorama (BETAPHOTO/PETAR VUJANIC)

The Freedom and Justice Party reported on June 21 that green bonds were not good or healthy for Serbian economy, but just another borrowing model for the over-indebted Serbia.

"Serbia owes China billions for infrastructure projects, it has borrowed from the Abu Dhabi Fund to patch up a hole in the budget, needs to pay back Turkey, the United States and Azerbaijan for highways and the Russians for trains and railways," the party has warned in a press release.

Having cautioned that Serbia issued more and more bonds in domestic and international bond markets every year, the party added:" Public companies tend to take loans based on government guarantees, and you have also invented the public corporation bonds no one wants and the National Bank of Serbia, that is, the state, needs to be the guarantor again."

The chair of the party's committee on economy and finance, Dusan Nikezic, appealed to the government "to stop being creative in borrowing, because it's pushing Serbia and all its citizens to the brink of debt bondage."
 

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