The Ukraine Agriculture Recovery Inclusive Support Emergency (ARISE) Project – to be implemented by Ukrainian government’s Business Development Fund and Ministry of Agrarian Policy and Food – is intended to provide loans and grants to 90,000 farmers to increase production levels during 2023 and 2024. The project includes a loan of USD 230 million from the World Bank, supported by the
Tag: Eastern Europe
MICROCAPITAL BRIEF: EBRD Loans $4.4m to KEP Trust of Kosovo with Focus on Rural, Women-led MSMEs
KEP Trust, a microfinance institution based in Kosovo, recently agreed to borrow up to EUR 4 million (USD 4.4 million) from the multilateral European Bank for Reconstruction and Development (EBRD). KEP Trust plans to
MICROCAPITAL BRIEF: EU Guaranteeing $113m to Support $490m in Lending by EBRD to MSMEs in Eastern Europe, North Africa, Western Asia
In partnership with the multilateral European Bank for Reconstruction and Development (EBRD), the EU recently agreed to guarantee up to EUR 115 million (USD 113 million) in loans distributed by retail financial services providers (FSPs) to micro-, small and medium-sized enterprises (MSMEs) in selected countries of
MICROCAPITAL BRIEF: ASN Bank Lends EFSE $50m for Micro-, Small Enterprises; Households in Europe, Western Asia
ASN Bank, a retail banking member of the Netherlands’ de Volksbank, recently agreed to purchase EUR 50 million (USD 50 million) in notes from the European Fund for Southeast Europe (EFSE), which provides investments and technical assistance to microfinance institutions and other lenders in Eastern and Southeastern Europe as well as Western Asia.
The director of ASN’s sustainable finance team, Yvonne van Hoof, explained, “Via this investment, we are ultimately able to improve the quality of
MICROCAPITAL BRIEF: Impact Asset Management Loans $11m from Dual Return Microfinance Funds to MFIs in East Timor, Ecuador, Kosovo, Nicaragua
Impact Asset Management (I-AM), a member of the Austria-based C-Quadrat Investment Group, recently disbursed loans from Vision Microfinance and Vision Microfinance Local Currency, the two sub-funds of the Dual Return Fund family, that total the equivalent of
MICROCAPITAL BRIEF: EIB Lending Banca Intesa Beograd of Serbia $47m for SMEs, Mid-Caps Adjusting to COVID-19 Pandemic
Recently, the European Investment Bank (EIB), an entity of the EU, extended a credit line of EUR 40 million (USD 47 million) to Banca Intesa Beograd (BIB) in an effort to boost the Serbian economy in response to the downturn caused by the COVID-19 pandemic. The funds are for on-lending to small and medium-sized enterprises (SMEs) and mid-caps to support operations, job retention and
MICROFINANCE EVENT: Sustainable Finance Forum: Eastern Europe, Caucasus & Central Asia; March 11-12, 2020; Kyiv, Ukraine
The goal of the Sustainable Finance Forum is to catalyze investments for “sustainable” development in the region by bringing together banks, microfinance institutions, project sponsors and investors that are committed to creating a
MICROCAPITAL BRIEF: EBRD Mulling $17m Loan to Belinvestbank of Belarus for On-lending to Micro-, Small, Medium-sized Enterprises
The UK-based European Bank for Reconstruction and Development (EBRD) is considering assembling a loan of up to EUR 50 million (USD 58.2 million) for Belinvestbank, a bank in Belarus, for on-lending to micro-, small and medium-sized enterprises (MSMEs). The loan would include at least EUR 15 million (USD 17.4 million)
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $33m Loan to European Fund for Southeast Europe (EFSE) for Micro-, Small, Medium-Sized Enterprises
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution established in 1991, is reviewing a proposal to invest EUR 25 million (USD 33 million) in the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment company, to provide funding for micro-, small and medium-sized enterprises (MSMEs) in sixteen countries in Southeast Europe and neighboring countries.