The transformation of the Investment and Development Fund (IRF) into a Development Bank will enable greater availability of support funds and more favorable lending conditions for the economy, it was assessed at the meeting of the IRF management and Prime Minister Milojko Spajić.
As it was announced from Spajić’s office, he discussed with the President of the Board of Directors of the IRF Velizar Kaluđerović and the Executive Director of that Fund Irena Radović about the potential for additional support to the economy, in order to strengthen the competitiveness of the Montenegrin economy.
Representatives of the IRF informed the prime minister about the Fund’s activities and plans for the next period and expressed their full readiness to contribute to even and sustainable economic development and greater competitiveness and liquidity of economic entities in cooperation with the Government.
“The interlocutors agreed that it is necessary to enable greater availability of support funds and more favorable lending conditions, and assessed that this will be facilitated by the transformation of the IRF into a Development Bank,” the statement says.
As it is added, Spajić said that it is necessary to create conditions as soon as possible for the economy to receive new incentives that will generate stronger development, better quality and safe jobs.
“A better standard of citizens is imperative”, concluded Spajić.
