The loan was signed by EIB Vice-President Andrew McDowell, Finance Minister Dragan Tevdovski and MBDP
CEO Dragan Martinovski in the presence of FYROM Prime Minister Zoran Zaev.
was created in 1969 to help minority-owned banks access funding to provide loans within their communities.
The Micro Business Development Program (MBDP
) of the Vermont Community Action Agencies has, since 1988, assisted over 9,000 Vermonters to strengthen their economic self-sufficiency and the economic vitality of their communities (http://www.vtmicrobusiness.org/).
While the MBDP
was created in an effort to eliminate discrimination against minority owned banks, it has since had the effect of encouraging government agencies and corporations to discriminate against non-minority owned banks when choosing which financial institutions to place their deposits.
really comes in handy when changes need to be made and agreed on.
That the coefficient of AUSDGRO is less than the coefficient of AVGPOP, implies that the disequilibrium in the market for deposits created by the Minority Bank Deposit Program (MBDP
) is less effective in encouraging BCB entry than are increases in expected profitability.
"We urge the government to launch significant budget support for the MBDP
"The favorable conditions of the MBDP
credit line will have a direct effect on the investments of Macedonian farmers into machinery, equipment and modern facilities, but also purchase of larger quantities and safer distribution, swift payment, as well as securing a price trend without any oscillations", stressed Dimovski.
Low-cost loans for primary production, processing and export are available to farming companies via the Macedonian Bank for Development Promotion (MBDP
Favorable loans that the Government has secured through the European Investment Bank's (EIB) EUR 100 million credit line are available to Macedonian companies, following the agreement's signing by Finance Minister Zoran Stavreski and Macedonian Bank for Development Promotion (MBDP
) director Dragan Martinovski.
Via credit insurance and factoring, the Macedonian Bank for Development Promotion (MBDP
) makes it possible for export oriented companies to raise competitiveness on foreign markets.
Nearly half of the money for cheap credits from the European Invest ment Bank (EIB) that are distributed through Macedonian Bank for Development Promotion (MBDP
) are already available on the bank accounts of firms.