Serbia and the Belgium-based Euroclear signed an agreement to make the Balkan country’s local debt euroclearable or clearable through the Euroclear international settlements system, which would help lure foreign portfolio investments.
Finance Minister Sinisa Mali says the Euroclear membership was vital for the future sales of European Union candidate countries’ bonds.
Mali says Serbia’s membership in Euroclear would bolster the development and liquidity of the domestic money and capital markets and lower financing costs. It would also lure more foreign portfolio investors.