The Ministry of Finance and the Ministry of Economic Development will develop a mechanism for joint guarantees between state and commercial entities.
The implementation timeline for this mechanism is planned from the first to the fourth quarter of 2027.
It is expected that the mechanism will include joint guarantees with banks, funds, and associations, which will help reduce credit risks. As a result, an increase in the volume of lending secured by joint guarantees is anticipated, as well as a reduction in financial risks for institutions.
This initiative will be part of the task to "Increase the volume of guarantee coverage through state entrepreneurship support funds."
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