Q:
A:
Help of IFC in structural reforms in Serbia
Belgrade / Washington,
9 October 2016
Minister of Finance Dusan Vujovic met late yesterday with representatives of the International Finance Corporation (IFC), led by Vice President Dimitris Tsitsiragos, within the framework of the Annual Meetings of the International Monetary Fund and the World Bank in Washington.
Author:
Tanjug
According to a statement by the Ministry of Finance, the topics of the meeting were improving the financial and advisory support that Serbia receives from the IFC with a special emphasis on simplification of import-export procedures, tackling of the issue of bad debts, reducing costs, attracting investment and raising competitiveness in agriculture.
As a branch of the World Bank, IFC is already active in Serbia, through the provision of adequate assistance to bankers and cooperation on better risk assessment and management of problem loans.
Cooperation also successfully takes place in the area that includes public sector loans, advisory services, lending and ownership share in the private sector.
IFC Regional Manager for the Western Balkans Thomas Lubeck said he was optimistic when it comes to all projects that have been initiated in Serbia, especially in Belgrade and that these corporations actively participate in all structural reforms that await the Serbian government, emphasizing the privatization of the largest companies owned by the state.
At the meeting it was said that IFC will continue to help bankers through training and workshops in the preparation of new services and business improvement.
The Finance Minister said that the support that Serbia receives from IFC contributes to the growth of loans to small and medium enterprises, to creating new jobs and improving the quality of management in the private sector, adding that the priorities in the coming period will be to find new ways for this international corporation to effectively support the private sector.
The International Finance Corporation provides financial and advisory assistance to more than 2,000 companies worldwide.
In 2015, long-term investments of IFC in developing countries amounted to almost $18 billion, it is said in the statement.
As a branch of the World Bank, IFC is already active in Serbia, through the provision of adequate assistance to bankers and cooperation on better risk assessment and management of problem loans.
Cooperation also successfully takes place in the area that includes public sector loans, advisory services, lending and ownership share in the private sector.
IFC Regional Manager for the Western Balkans Thomas Lubeck said he was optimistic when it comes to all projects that have been initiated in Serbia, especially in Belgrade and that these corporations actively participate in all structural reforms that await the Serbian government, emphasizing the privatization of the largest companies owned by the state.
At the meeting it was said that IFC will continue to help bankers through training and workshops in the preparation of new services and business improvement.
The Finance Minister said that the support that Serbia receives from IFC contributes to the growth of loans to small and medium enterprises, to creating new jobs and improving the quality of management in the private sector, adding that the priorities in the coming period will be to find new ways for this international corporation to effectively support the private sector.
The International Finance Corporation provides financial and advisory assistance to more than 2,000 companies worldwide.
In 2015, long-term investments of IFC in developing countries amounted to almost $18 billion, it is said in the statement.
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