- Not country specific -

IMF: 2012 Economic Growth in Central & Eastern Europe will Slow to a Crawl

KESDEE

KESDEE is the world’s largest financial e-learning company.
KESDEE’s off-the-shelf catalog consists of 750 accredited e-learning courses on various topics in Banking, Finance, Accounting, Insurance and Risk Management. In addition, KESDEE offers ecoaches, the web-based tutorials for Certification Exams in Risk Management and Financial Analysis.
KESDEE’s e-learning solutions are relevant for the providers of financial services, as well as for users, regulators, advisors and educators of financial services.

The Government of Macedonia has set the introduction of e-invoicing as a high policy priority for 2012. Overall coordinating responsibility for the initiative has been assigned to the Tax Policy Department of the Ministry of Finance and the Working Group it has established. USAID provided technical assistance to the effort under its Partners for Financial Stability (PFS) Program, a regional program led by the Office of Economic Growth in the Europe & Eurasia Bureau.

The lack of sufficient collateral is an acknowledged constraint to lending to SMEs and households in the region served by the Partners for Financial Stability Program (PFS). In Emerging Europe and across other developing regions, when businesses apply for loans the most common reason for rejection is the firm’s lack of or insufficient value of real estate to serve as collateral. Many entrepreneurs do not even bother to apply for loans because they know that they will be unable to meet the lender’s collateral requirements.