Montenegro Exits Deal That Hedged Mammoth Chinese Highway Loan

PODGORICA -- In a show of confidence in its finances, Montenegro will end a deal with Western banks that protected it from increased debt on a controversial Chinese loan for nearly $1 billion used to build a highway.

The move is the latest chapter in the saga of Montenegro's controversial Bar to Boljare highway -- which was built by the China Road and Bridge Corporation (CRBC) and financed by the