Source: Beta | Friday, 26.06.2015.| 10:13
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MIGA provides guarantees of EUR 457 for economy crediting in Serbia and region

(Photo: I.Vukša)
Multilateral investment granting agency (MIGA), a part of the World Bank Group, has announced today that it will provide guarantees of EUR 457 m for crediting economy in Serbia, Albania, Belarus, Bosnia and Herzegovina and Kosovo.

As communicated from MIGA, which operates in insurance from political risk and credit development, guarantees will be delivered to Raiffeisen Bank International, which will, through branch offices in these countries , credit economy.

The insurance of MIGA will decrease the profile of risk with respect to operations of Raiffeisen bank in the countries of the region which will enable the bank local crediting and thus stimulate economic growth, new hires and poverty reduction.

With MIGA agency, banks will have to develop and conduct systems for environment management and social affairs which are proportional to risk in their portfolios.

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