MICROCAPITAL BRIEF: Sweden, European Bank for Reconstruction and Development (EBRD) Facilitate Energy-Efficiency Advice for 100 Small, Medium-sized Enterprises (SMEs) in Moldova

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is helping 100 Moldovan small and medium-sized enterprises (SMEs) receive advice on energy efficiency practices from local consultants in a program funded by the government of Sweden. Since 2009, this program has channeled EUR 759,000 (USD 1 million) for 45 local consulting companies for this purpose. Approximately half of the SMEs are involved in the agribusiness sector and approximately 60 percent of the total are located outside of Moldova’s main cities.

EBRD provides loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects across 34 countries. EBRD has invested approximately EUR 900 million (USD 1.2 billion) in Moldova and provided technical support to approximately 500 SMEs in the country as of 2014.

By Meraj Husain, Research Associate

About European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London, England. The bank began operations in 1991 upon the agreement of 40 countries, and it is owned by 64 countries as well as the European Investment Bank and the European Union as of 2014. It aims to finance operations that are both commercially viable and assist development in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects across 34 countries.

Sources and Additional Resources

[1] European Bank for Reconstruction and Development: EBRD Provides Energy Efficiency Advice to 100 Companies in Moldova

MicroCapital, February 5, 2014, European Bank for Reconstruction and Development (EBRD) Lends $14m to Societe Generale Banka Montenegro to Support On-Lending for Housing

MicroCapital, October 27, 2013, 3k Moldovan Remittance Recipients Save $7m After European Bank for Reconstruction and Development (EBRD) Financial Education Program

MicroCapital, June 4, 2013, European Bank for Reconstruction and Development (EBRD) Loans $2.6m to Mobiasbanca – Groupe Société Générale of Moldova for Residential Energy Efficiency

MicroCapital, May 22, 2012, European Bank for Reconstruction and Development (EBRD) Launches $45m Credit Framework to Increase Household Energy Efficiency in Moldova

MicroCapital Universe Profile: European Bank for Reconstruction and Development (EBRD)

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