ANNOUNCEMENT 10 May 2016

In May 2016, the government of Macedonia announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Macedonian Bank for Development Promotion (English) Export Factoring Interest Rate Lowered to 5%. http://www.mbdp.com.mk/index.php/en/news/431-export-factoring-interest-rate-lowered-to-5


Inception date: 10 May 2016 | Removal date: open ended
Still in force

Trade finance

On 10 May 2016,the Macedonian Bank for Development introduced lower export factoring interest rates.
 
Specifically, the Macedonian Bank for Development Promotion lowered the export factoring interest rate from 6% to 5% per annum ( a rate that is exclusively designated to benefit Macedonian exporters).Specifically,the export factoring interest rate is the rate which Macedonian export-oritented business entities pay as part of the export factoring support (i.e. a form of trade finance loans with recourse, offered to entities for their exporting activities) that the Macedonian Bank for Development Promotion offers to them exclusively.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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