The Development Facility of the European Fund for Southeast Europe (EFSE DF), the Technical Assistance Facility of the Green for Growth Fund Southeast Europe (GGF TAF) and the Association of Serbian Banks (ASB) organized a very successful workshop on the potential of dedicated agricultural finance in Belgrade on 27 March 2015, said a statement.
The workshop, attended by representatives of ten Serbian banks, centered around the question as to how the country’s financial institutions could increase their support for the agricultural sector.
The share of agricultural loans is still relatively small when one considers the importance of this sector to the Serbian economy. There was also a session on energy efficiency finance in agriculture to raise awareness of the market potential for this type of lending.
The participants were presented with different value chain finance schemes and innovative agrifinance concepts, such as warehouse receipt finance, pre-harvest funding and the agricultural credit card, which could help spur agrilending in Serbia.
The workshop also served as a platform for sharing experiences with agrilending and discussing the opportunities, challenges and applicability of the presented concepts in the Serbian context.
Both the importance of and potential for improving energy efficiency in the agricultural sector were highlighted with relevant examples of possible investments in this area.