The U.S. International Development Finance Corporation (DFC) will play a key role in establishing economic connections between the Western Balkan countries and the US.
These conclusions were conveyed by Euronews’ diplomatic sources in Washington, D.C., at the presentation of the draft Law on Democracy and Prosperity in the Western Balkans, which was jointly submitted by a group of senators.
The DFC opened its office in Belgrade two years ago, following an agreement signed in Washington by the then president of the USA, Donald Trump, and Serbia’s president Aleksandar Vučić, but its operations have never fully commenced, despite the announcements that the Agency would allocate close to 400 million dollars to Serbian businesses via grants.
As the US senators state, they are asking the White House to boost the role and presence of the DFC in Europe, primarily in the Western Balkans and other parts of Eastern Europe, and to open more regional offices which goal would be to facilitate the region’s economic development. Sources report that the White House was also told that, if it wants to economically boost this region, there must be DFC offices that would work at full capacity.