New Guarantee Scheme Worth USD 400 Million Agreed with DFC

An agreement on a new guarantee scheme has been signed with the U.S. International Development Finance Corporation (DFC), whereby this finance institution is to provide USD 400 million as a guarantee for the approval of banking credits to companies in Serbia, states the minister of finance of Serbia, Sinisa Mali.

Presenting the Draft Law on the Confirmation of the Agreement on Inciting Investments between the Government of the Republic of Serbia and the U.S. Government at the National Assembly of Serbia, he said that, the week before, two new guarantee schemes had been voted for.

He explained that this pertained to an additional billion euros on top of the guarantee schemes that Serbia already has and which it has provided together with banks in order to mitigate the negative consequences of the pandemic.

– I am talking about another guarantee scheme which will be realized based on the agreement between the governments of Serbia and the USA – the minister said and added that the formal signing of the agreement on the new guarantee scheme and the finalization of the agreement of the DFC with banks in Serbia were expected to take place not long after.

Following this, he pointed out, the money will be available to domestic companies for loans for liquidity, innovations and investments.

Ministarstvo finansija Republike Srbije

Ministry of Finance

US International Development Finance Corporation

DFC

Draft Law on the Confirmation of the Agreement on Inciting Investments between the Government of the Republic of Serbia and the US Government

Sinisa Mali

guarantee scheme

liquidity loans

innovation loans

investment loans