"More focus on promoting local currency financing for SMEs"

The EBRD and Serbia have agreed to increase their focus on promoting local currency financing for SMEs in the country.

An MoU "will pave the way for the EBRD (European Bank for Reconstruction and Development) to start using donor funds for its local currency financing program, which will make dinar loans even more affordable for local businesses. The document was signed today in Belgrade by the Ministry of Finance, the National Bank and the EBRD," the bank announced on its website.