AGRICULTURAL CREDIT DISCOUNT FUND – AGRIBUSINESS SUPPORT CREDIT LINE IN MACEDONIA

Goran Kovacev

Abstract


The main objective of this study is to emphasize the importance of creating special governmental refinancing institutions targeted towards strategic economic sectors. Such institution in Macedonia is Agricultural Credit Discount Fund, a separate unit within the Macedonian Bank for Development Promotion that administers a credit line meant to support the agribusiness. As it is commonly known agriculture is one of the most important
economic sectors of the country. The ACDF modus operandi is a guideline to every similar potential fund, having in mind that it creates prerequisites of sustainable financial investments and substantial growth. The outstanding
portfolio performance, fulfillment of the objectives and good impact on stakeholders is strong confirmation to this claim.

Keywords


refinancing institutions, Agricultural Credit Discount Fund, Macedonian Bank for Development Promotion, agribusiness, sustainable financial investments

Full Text:

PDF

References


Dimovska Efimija – Bringing Finance to Rural People-Macedonia’s Case (working paper); EastAgri Annual Meeting; Istanbul, 2010

Macedonian Bank for Development Promotion, data from internal sources

Official Gazette of Republic of Macedonia, No. 47/1996, 7/1997, 58/1997, 107/2000, 4/2002 and 102/2008

UtrinskiVesnik, No. 866 of April 26th, 2012


Refbacks

  • There are currently no refbacks.