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Finance Minister Dinkic welcomes EIB role in providing SME lending
Belgrade,
1 April 2004
Serbian Minister of Finance Mladjan Dinkic met today with a delegation of the European Investment Bank (EIB), headed by Vice President Gerlando Genuardi, highlighting the importance of the bank's role in providing loans for the development of small and medium-sized enterprises, the Ministry of Finance said in a statement.
Mladjan Dinkic
Participants in the meeting agreed that EIB should provide a new credit line for the SME sector. This year's credit line has been more than doubled compared with 2002, to €45 million, with €40 million to be appropriated for SME lending and the remaining €5 million for micro loans.
Negotiations on the new credit line are due to be completed by the end of June at the latest.
Dinkic gave his support for other infrastructure projects proposed by the bank, particularly Corridor 10 rehabilitation, railway, air traffic control and water supply projects, as well as infrastructure projects in the health and education sectors, totaling some €280 million.
Negotiations on the new credit line are due to be completed by the end of June at the latest.
Dinkic gave his support for other infrastructure projects proposed by the bank, particularly Corridor 10 rehabilitation, railway, air traffic control and water supply projects, as well as infrastructure projects in the health and education sectors, totaling some €280 million.
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