Expert: U.S. DFC Won’t Jeopardize Chinese Investments in Serbia | Beta Briefing

Expert: U.S. DFC Won’t Jeopardize Chinese Investments in Serbia

Source: Beta
SEE Business / Serbia | 08.09.20 | access_time 18:40

Smederevo Steelworks (Photo: Beta / Neniska)

Goran Radosavljevic, professor at the Belgrade FEFA, the Faculty of Economics, Finance and Administration, on Sept. 8 said that the document signed in the White House last week, envisaging the opening of an office of the U.S. International Development Finance Corporation (DFC) in Belgrade, would not jeopardize Chinese investments in Serbia, but would only tighten competition among investors.

“China has a plan for financing projects for the entire Western Balkan region, not only for Serbia, and the DFC will not jeopardize its plans, but will increase the competition, which is good,” Radosavljevic told BETA.

Radosavljevic said that based “on the experience, the DFC funds come more slowly for stricter criteria and standards which have to be met, which also include environmental standards, and also because of a higher level decision-making. “In any case, it is good that the DFC will open an office in Belgrade, which means that it will probably operate more efficiently, which goes to Serbia’s benefit,” he noted.  

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