Agreement with US International Development Finance Corporation by the End of January – Value USD 1.1 Billion

An agreement on the financial support to small and medium enterprises in Serbia, worth around USD 1.1 billion, will be signed by the end of January with the U.S. International Development Finance Corporation (DFC), Serbian Finance Minister Sinisa Mali said for Tanjug.

He points out that he has had a meeting with the director of the DFC office in Belgrade, John Jovanovic, and that they have confirmed the plan for the signing of the agreement.

– One part of the agreement pertains to direct credits and the help that the DFC will give to small and medium enterprises in our country, whereas the other part of the help will go through commercial banks. I expect that they will finish those negotiations during the first quarter and that the agreement will be implemented in the second quarter, whereby the resources from the DFC will start being provided to our companies – Mali explained.

Ministarstvo finansija Republike Srbije

US International Development Finance Corporation

DFC

Ministry of Finance

Siniša Mali

John Jovanović

financial support to small and medium enterprises

direct credits

guarantee scheme

aid package

credit at low interest rate