Rama: New financing line between the BoA and the government's sovereign guarantee!
Prime Minister Edi Rama: " The Bank of Albania's 250 million euro program for small and medium-sized enterprises will greatly help increase lending. For this, there was an agreement between the BoA and second-tier banks, with the aim of channeling financing into investment projects in the agricultural sector. We have quadrupled agricultural exports, but 2.1% of the total volume of loans for this sector is very little.
We have a new combined product, a new financing line combined between the Bank's program and the government's sovereign guarantee. The interest rates will be very attractive. Reducing collateral requirements will be a great relief for banks as well. It is a sector that is very exposed to risks, for example climate change. Investments in greenhouses are a priority for us, as is investment in agro-processing. We really need to process products in the country. Agro-tourism is another priority. The Mountain Package will create a new facility in relation to collateral, creating opportunities for all those who want to invest in mountainous and hilly areas, and who have problems with ownership.”
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