Montenegro’s finance minister Milojko Spajic. Photo: Reuters Montenegro’s finance minister Milojko Spajic. Photo: Reuters
Montenegro’s finance minister Milojko Spajic. Photo: Reuters

Montenegro in ‘final phase’ of talks with Europe to refinance US$809 million debt to China

  • Beijing has invested billions of dollars in the Western Balkans as part of its Belt and Road Initiative to expand Chinese influence in the region
  • A 2014 Chinese loan for the construction of a stretch of highway sent Montenegro’s debt soaring and forced the Montenegrin government to ask for EU help

Topic |   Belt and Road Initiative
Montenegro’s finance minister Milojko Spajic. Photo: Reuters Montenegro’s finance minister Milojko Spajic. Photo: Reuters
Montenegro’s finance minister Milojko Spajic. Photo: Reuters
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