Serbia signs loan contracts for climate and railway

The deals were signed with French Ambassador to Serbia Jean-Louis Falconi, Cecile Couprie. [Shutterstock/Mila Drumeva]

Serbian Finance Minister Siniša Mali signed two loan contracts worth a combined €234.6 million on 10 May, a programme loan for climate change public policy and a loan for the project to modernise the rail sector in Serbia by employing a multi-phase programme approach.

The deals were signed with the French ambassador to Serbia, Jean-Louis Falconi, Cecile Couprie, regional director for Eurasia of the French Development Agency (AFD), and Linda van Gelder, regional director of the World Bank for the Western Balkans.

Serbian Prime Minister Ana Brnabić also attended the signing following an earlier meeting with Couprie. Brnabić told reporters that both contracts involved the environment and were a part of the Green Agenda of both Serbia and the EU.

She explained that the first agreement was on a programme loan for public policy involving climate change and was worth €132.6 million, with €82.6 million coming from the European Bank for Reconstruction and Development and €50 million from the AFD. 

The loan to modernise the railway in Serbia is regulated by a different agreement, worth €102 million, co-funded by the AFD and WB with €51 million each. ( |

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