Client: European Bank for Reconstruction and Development
Duration: 2006-2008
Region: Eastern Europe and Central Asia
Country: Serbia
Solutions: Economic Growth
In the Western Balkans, only a few financial intermediaries have sought out small business customers, and conservative collateral requirements and cumbersome credit procedures have further limited small and medium-sized enterprises’ (SMEs) access to finance. The European Bank for Reconstruction and Development established an SME finance facility to support Western Balkans countries in the transition to a market economy by strengthening the financial system and by increasing SMEs’ access to finance via the banking system, thereby enabling the SMEs to increase production and employment. DAI worked with Metals Banka to incorporate high-quality lending as an integral part of its ongoing business activities.
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Essor acted at meso (business associations) and macro (government) levels to improve the incomes of the poor through the development of micro, small, and medium-sized enterprises (MSMEs), including women- and youth-owned and ones in rural areas, through reforms to the country’s investment climate and policies.
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