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Serbo Journal

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In five years Serbia received $4.2B in aid

BELGRADE, Serbia-Montenegro, March 29 (UPI) -- Serbia has received $4.2 billion in foreign aid donations, most of it from EU donors, in the period 2000-05, government officials said.

Milan Parivodic, minister for economic relations with foreign countries, Wednesday said Germany was the biggest donor to the pro-Western, reformist government that replaced the regime of the late Serbian strongman Slobodan Milosevic in October 2000.

Parivodic said the largest portions of international assistance were earmarked for the country's transport, energy, private and civilian sectors, the BETA news agency said.

Speaking to reporters after a meeting with international donors, Parivodic said that in 2005 Serbia received aid totaling $787 million, of which 54 percent was in irretrievable assistance and the rest were loans earmarked to development.

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