Agreement on Beginning of Activities of DFC in Serbia Signed – Aiming at Guarantee Scheme of USD 1 Billion in Q1

The interstate agreement on inciting investments, which is a pre-requirement for the beginning of the activities of the U.S. International Development Finance Corporation (DFC) in Serbia and a confirmation that the Washington agreement is still being implemented, has been signed by Serbian Finance Minister Sinisa Mali and U.S. Ambassador to Serbia Anthony Godfrey.

– This agreement is important, because it confirms that the Washington agreement is still being implemented. We are thereby continuing what was agreed in Washington – Mali said following the signing of the agreement at the Government of Serbia.

The minister said that the goal was for a guarantee scheme for Serbian companies, worth USD 1 billion, to be agreed with the DFC by the end of the first quarter of 2021 and to make it available to Serbian micro, small and medium enterprises by mid-2021.

– Not only will these credits be favorable, but we will also try to have them issued for a period longer than 10 years – Mali said.

The signing was also attended by the director of the DFC office in Belgrade, John Jovanovic.

Ministarstvo finansija Republike Srbije

Ambasada SAD Beograd

Ministry of Finance

US Embassy in Serbia

US International Development Finance Corporation

DFC

Anthony Godfrey

Siniša Mali

John Jovanović

interstate agreement on inciting investments

guarantee scheme