Export-Import Bank of China (Exim Bank)

Chinese bank that lends for most of the projects agreed without tenders under agreements with China, as a rule covering about 85 percent of their value, while the main contractor is always a Chinese company. Serbia owes it about €2.8 billion under 14 loans, and the National Bank refused to disclose the total debt to China, saying the data are confidential.

Affairs

  • No-tender deals under intergovernmental agreements: It lends for Chinese projects, about 85 percent of their value; Serbia is repaying 14 loans, and the debt is about €2.8 billion
  • Stig–Kostolac railway: EPS paid for work that was never done