The Government has today adopted the Draft Law on the Credit Guarantee Fund of Montenegro.
π With the adoption of this law, legal grounds will be established for the creation and launch of the Credit Guarantee Fund of Montenegro, an independent institution aimed at improving access to finance primarily for entrepreneurs, micro, small and medium enterprises, women business owners, as well as individuals engaged in economic activity.
β βThe main goal is to stimulate and accelerate the economic development of Montenegro through the Fundβs activities, and to boost local economic activity by supporting financing for economic entities that currently have limited or difficult access to credit,β stated Deputy Prime Minister for Economic Policy and Minister of Economic Development, Mr. Nik Gjeloshaj, at a press conference following the Government session.
π The services of the Credit Guarantee Fund and the increased business activity that will be directly initiated will lead to the creation of thousands of new jobs, increased turnover and profits, new goods and services with added value, and will contribute to a general rise in living standards.
π€ βThe European Bank for Reconstruction and Development played a key role in the establishment of the Credit Guarantee Fund of Montenegro by providing us with technical support for the creation of such a Fund,β said Gjeloshaj. π²πͺπͺπΊ
π More information: https://www.instagram.com/p/DH_gzoBoB_o/?img_index=1&igsh=NG41bWVweGtzMmIw