Agricultural Credit Discount Fund – Agribusiness support credit line - Macedonian experience

Kovachev, Goran (2012): Agricultural Credit Discount Fund – Agribusiness support credit line - Macedonian experience. Published in: CEA Journal of Economics , Vol. 7, No. 1 (June 2012): pp. 41-56.

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's '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.

• Item Type: MPRA Paper
• Language: English
• Keywords: refinancing institutions, Agricultural Credit Discount Fund, Macedonian Bank for Development Promotion, agribusiness, sustainable financial investments
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; H - Public Economics > H8 - Miscellaneous Issues > H81 - Governmental Loans ; Loan Guarantees ; Credits ; Grants ; Bailouts; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q14 - Agricultural Finance

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

Utrinski Vesnik, No. 866 of April 26th, 2012