EU4Business - Eastern Partnership SME Finance Facility - Phase II
Project Description
Specific Objective
Specifically, Phase II of the Facility aims to:
- Support financial intermediaries’ confidence to extend financing to SMEs, including micro-enterprises, following the financial crisis.
- Enhance the capacity of financial intermediaries to assess and monitor the related risks and manage their SME financing.
- Strengthen and deepen SME credit markets in local currency and expand financing options available to the real economy.
- Promote the continued development of market-based financial institutions and contribute to institution building.
Expected Results
- Credit enhancement support for SME lending through risk sharing instruments.
- Expected to leverage approximately €75 million of new loans to local enterprises.
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