Albanian Daily News
The EBRD and the EU have launched a risk-sharing facility in Albania to provide up to 50 million Euros in new lending for small and medium-sized enterprises. The initiative prioritizes green investments, women-led businesses, and companies outside the capital city.
Why it matters
This financial instrument aims to stimulate private sector growth and sustainable development in the Albanian economy.
The European Bank for Reconstruction and Development (EBRD) is partnering with the European Union (EU) to enhance access to finance for small and medium-sized enterprises (SMEs) in Albania, the EBRD said in a press release on Tuesday.
The EBRD is providing a guarantee of up to Euro 25 million to ProCredit Bank Albania to support up to Euro 50 million in new lending. Under the agreement, the Bank will provide an unfunded guarantee covering 50% of the credit risk of a newly originated SME loan portfolio of up to Euro 50 million.
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