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Report: Montenegro talks with EU about Financial Aid

EU candidate Montenegro and Brussels are in talks over financial aid to refinance a Chinese loan, according to a report (as reported by China.Table). The EU Commission has reportedly approached Germany’s Kreditanstalt für Wiederaufbau (KfW), France’s state-owned development agency AFD and Italy’s sovereign lender CDP to set in motion an aid plan for Montenegro. Reuters reported this, citing an EU representative. The plan, he said, is to get offers from the three lending institutions and then bring them together. A solution should be found before the summer. The idea of the EU directly refinancing the Chinese loan to Montenegro has been rejected as it would have required Beijing’s approval, the EU representative said, according to the report. There was initially no confirmation from Brussels or the lenders.

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