S&T Country Report - Albania - WBC-INCO Net

• Improve connections with pre-accession funds primarily with IPA
(Instrument for Pre-accession Assistance) through development of domestic
capacities for management of EU funds. With the aim to support necessary
reforms, which are required by the EU membership, EU financial support
represents the part of pre-accession strategy.
• Cooperate with foreign partners and international credit institutions that
have express intent to open new credit lines in Montenegro.
• Facilitate access to finances for SMEs through legislative measures.
• Financial support.
Financial support is planned through grant schemes for cost sharing and
insurance of export loans in order to resolve the problem of lack of financing
for export enterprises. Grant schemes for cost sharing will have as a basic
goal developing incentives for competitiveness at the level of individual
company and primarily will relate to the quality management and certification,
improvement of productivity and development of products. Insurance of export
loans relates to financial benefits for security/insurance of transactions. It will
enable enterprises to have access to financing under attractive/ competitive
terms (Belada 2007).
- IFC/PEP Southeast Europe is part of IFC (International Finance Corporation),
World Bank Group. The programme operates in Albania, Bosnia and Hercegovina,
the FYR Macedonia, Serbia and Montenegro and was formally launched in July 2005
and has been established for an initial period of five years.The Private Enterprise
Partnership for Southeast Europe (PEP-SE) is catalyzing private sector development
from a platform of four operational programs:
• Alternative Dispute Resolution;
• Corporate Governance;
• International Technical Standards and Regulations; and
• Recycling Linkages.
PEP-SE's private sector development programmes are co-financed by following
countries: Austria, Canada, IFC, Netherlands, Norway, Slovenia, and Switzerland.
For more information, please visit: http://www.ifc.org/pepse.
1.4 Financing
There is a number of international donor initiatives: CARDS, European Bank for
Reconstruction and Development, USAID (Firm Level Assistance Group), World
Bank, European Agency for Reconstruction (EAR), Urban Institute, and the Centre
for Entrepreneurship and Economic Development. Significant financial support is also
coming from Federal Ministry for Economic Cooperation and Development, Germany
(BMZ), Government of the Netherlands (Ministry of foreign Affairs of the
Netherlands), Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ), and
Switzerland, Austria.
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