RDP financial instruments - opportunity for sustainable funding in agriculture
Svetlana Alexandrova, Dimitre Nikolov
Abstract: European funding of agriculture is accessible through direct payments (first CAP pillar) and gratuitous financial support under the Rural Development Program, funded by European Agricultural Fund for Rural Development.
Apart this funding approach, the support model with funding tools is market mechanism for funding of farmers and processing enterprises. For the period 2007–2013 in Bulgaria have been proposed financial tools under Operative Program “Competitiveness”, Regional Development and RDP The financial engineering as a tool of financial mechanism, elaborated jointly by European Investment Fund and EC, gives opportunity for on-traditional funding – through risk and equity funds; portfolio guaranty schemes.
The article presents the specificity of financial tools, the learned lessons from their implementation in the past program period. On the basis of analysis is made assessment of the lack of funding in sector agriculture in Bulgaria.
Apart this funding approach, the support model with funding tools is market mechanism for funding of farmers and processing enterprises. For the period 2007–2013 in Bulgaria have been proposed financial tools under Operative Program “Competitiveness”, Regional Development and RDP The financial engineering as a tool of financial mechanism, elaborated jointly by European Investment Fund and EC, gives opportunity for on-traditional funding – through risk and equity funds; portfolio guaranty schemes.
The article presents the specificity of financial tools, the learned lessons from their implementation in the past program period. On the basis of analysis is made assessment of the lack of funding in sector agriculture in Bulgaria.
Keywords: credit guarantee scheme RDP; financial instruments; investments
Date published: 2017-10-09
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