We shall repay creditors earlier

Serbia will refinance a part of its debt to the London Club next year – Mr. Janko Guzijan, State Secretary in the Ministry of Finance, told Novosti daily. Mr. Guzijan explained that the main reason for this is that interest rate on the restructured debt toward the London Club will soar from 3.75 to 6.75 percent in 2009, which was stipulated by a previously ratified agreement.