Serbian businesses to have $400mn available to them from DFC by the year end

The first part of the U.S. International Development Finance Corporation’s (DFC) guarantee scheme, worth $ 400 million, will be available to companies in Serbia to use by the end of the year.

“We had final talks (with the DFC) about the agreement that we will sign soon,” said the Serbian Finance Minister, Siniša Mali, on Tuesday, adding that individual signing with commercial banks would follow. Minister Mali expects that, by the end of the year, the DFC will make $ 400 million available to the Serbian micro, small and medium-sized enterprises by the end of 2021.

“These 400 million dollars will be granted to our companies under very favourable terms and conditions and spent on working capital and liquidity, but also investments,” Mali added.

In terms of the dates of the realization of this DFC programme, Minister Mali reminded that there was the US administration changed and because of that, the programme’s implementation slowed down somewhat.

“The new US administration has confirmed that they are completely committed to this programme, both for our country and for the entire region. The DFC’s presence in Serbia is of great importance for the credibility of our country, but also for the growth and development of Serbian small, medium-sized and large companies,” Mali added.

(Vecernje Novosti, 03.08.2021)



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