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The Government of the Republic of Serbia

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Serbia wins awards for financing project of Morava Corridor, issuance of ESG bonds

Belgrade/Istanbul, 20 November 2024

First Deputy Prime Minister and Minister of Finance Siniša Mali received this evening in Istanbul the award for the transaction of the year in the category of the first issue of sustainable bonds, which was awarded to Serbia for issuing ESG bonds in June this year in the amount of €1.5 billion.

The First Deputy Prime Minister also received the award for the financial transaction of the year in the field of transport, which was awarded to Serbia for financing the Morava Corridor through export support loans in the amount of €1.6 billion.

Both awards were presented as part of the Global Banking & Markets: CEE, CIS & Türkiye Awards ceremony, which the First Deputy Prime Minister is attending in Türkiye.

Mali explained that one of the awards refers to the best bond that Serbia issued in June, noting that it is the first so-called ESG bond intended to finance projects in the field of sustainable development, environmental protection and social protection.

The First Deputy Prime Minister presented that the second recognition was received for the best financial structure when it comes to an infrastructure project.

He explained that it is about the Morava Corridor, which connects Corridors 10 and 11, with a total length of 112 km, adding that in a few weeks another 30 km of that highway will be opened, all the way to Vrnjačka Banja.

In order to finance this important project, we created an innovative financial structure with J.P. Morgan from the United States, the UK Export Support (UKEF) and the Multilateral Investment Guarantee Agency (MIGA), Mali said, noting that we also received another award for that innovation.