Munich Personal RePEc Archive

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.

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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.

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