ANNOUNCEMENT 04 May 2015In May 2015, the government of Macedonia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Macedonian Bank for Development Promotion (2015) 6%. http://www.mbdp.com.mk/index.php/mk/vesti/288-namalena-kamatnata-stapka-za-izvozen-faktoring-na-6
On 4 May 2015, the Macedonian Bank for Development Promotion lowered the export factoring interest rate from 7% to 6% per annum. 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.