Deputy Prime Minister and Finance Minister Mr. Igor Lukšić, PhD, and the Ambassador of the Republic of France H.E. Dominique Gazuy signed, in Podgorica, Agreements on the Consolidation and Service of Montenegro’s debts to the Republic of France, within th

Deputy Prime Minister and Finance Minister Mr. Igor Lukšić, PhD, and the Ambassador of the Republic of France H.E. Dominique Gazuy signed, in Podgorica, Agreements on the Consolidation and Service of Montenegro’s debts to the Republic of France, within the framework of the Paris Club of Creditors.

The aforementioned Agreements were concluded in accordance with the Agreement between the Republic of Serbia and Montenegro on regulating the membership in the international financial institutions and demarcation of financial rights and obligations, prescribing that Montenegro and Serbia signed separate bilateral agreements with each of the countries of the Paris Club creditors, with the objective of formal legal demarcation of the obligation of the two new states. Agreements on the Consolidation and Service of Montenegro’s debts to the Republic of France, within the framework of the Paris Club of Creditors between the Government of Montenegro and the Republic of France existing contracts are being taken over, the current on debts consolidation are being taken over, i.e., the Agreements on the Consolidation and Service of Montenegro’s debts between the Government of the Republic of France and the Federal Republic of Yugoslavia concluded 2nd August 2002...