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Economic Growth and Trade

Language: English | Serbian

IMPROVING CONDITIONS FOR BROAD-BASED, INCLUSIVE ECONOMIC GROWTH 

Serbia’s economy is constrained by critical barriers to growth. Further improvements to the business enabling environment are needed to attract investments and create jobs. The private sector needs to increase its ability to compete in regional and international markets. USAID works with selected government counterparts, non-governmental organizations, international donors, and other U.S. agencies to advance reforms that will contribute to economic growth and make Serbia more business friendly. USAID economic growth assistance also helps Serbian firms adopt practices to become more innovative and competitive. In the food processing sector, USAID is working across value chains and support structures to foster a system that will increase competitiveness, sales and exports--creating a model that can be replicated in other parts of the Serbian economy. At both the regulatory level and firm level, USAID is working to increase the diversity and availability of financial products and the private sector’s ability to access them.      

Current programs that contribute to Serbia’s overall economic development include:

USAID Competitive Economy Project

The USAID Competitive Economy Project is a four-year, $11.95 million activity to strengthen the competiveness of the Serbian food processing industry, particularly fruit and vegetable value chains, with the goal to increase sales and exports of Serbian food products on domestic and international markets. 

For more information, please see http://www.konkurentno.rs

Private Sector Development Project

USAID’s Private Sector Development Project (PSD) is a three-year, $4.2 million activity to strengthen private sector firms in 12 municipalities in the economically disadvantaged regions of south and southwest Serbia.  The project is a is direct partnering with the Government of Serbia and is implemented by the government’s Development Agency of Serbia (DAS) through its network of Regional Development Agencies (RDAs). The RDAs will help growth-oriented companies and business clusters increase sales and exports and create jobs.    

For more information please see: ras.gov.rs

Opportunity Bank Serbia

Opportunity Bank Serbia (OBS) is a community bank that provides micro, rural, agro and small- and medium-enterprise (SME) lending to clients that cannot ordinarily access financial services from traditional banks. Clients are typically from semi-urban and rural areas of Serbia. The bank specializes in loans to dual-income cottage industries and the agricultural sector. OBS’ mission is to help create jobs, stimulate small businesses and enable the economic transformation of its clients. With a strategically developed branch network, OBS utilizes field-based client advisors (loan officers) to reach clients in remote areas.

For more information, please see: http://www.obs.rs/en/

Last updated: December 12, 2017

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