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

Author

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  • Kovachev, Goran

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.

Suggested Citation

  • Kovachev, Goran, 2012. "Agricultural Credit Discount Fund – Agribusiness support credit line - Macedonian experience," MPRA Paper 44598, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44598
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    File URL: https://mpra.ub.uni-muenchen.de/44598/1/CEA_Journal_XIII%20Issue.pdf
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    More about this item

    Keywords

    refinancing institutions; Agricultural Credit Discount Fund; Macedonian Bank for Development Promotion; agribusiness; sustainable financial investments;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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