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Minister of Finance Slaveski speaks at the
BEA conference on October 25, 2007 |
Veles becomes the first municipality to apply a state-of-the-art credit assessment model, developed by the USAID-funded Business Environment Activity (BEA).
The model will make it possible for municipalities to analyze their creditworthiness and apply for loans from domestic and international financial institutions.
Four pilot municipalities were selected by BEA to go through the self-analysis procedure, and the Municipality of Veles was the first one to successfully implement the assessment process. |
| The model was presented by the Veles Mayor Ace Kocevski at the BEA’s Municipal Borrowing Conference on October 25, 2007. In his speech, Mayor Kocevski praised the importance of the model for local governments in Macedonia and encouraged his colleagues to exercise it in their financial planning. He emphasized the value that capital investment planning brings to the growth of local communities, and stressed its importance at a stage when loans and public-private partnerships are becoming a reality. |
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