In an interview with Azerbaijani news-agency TREND, the President of the European Bank for Reconstruction and Development (EBRD), Jean Lemierre, highlighted his institution’s plans for improving Georgia’s microfinance and small and medium enterprise banking sectors. According to Mr. Lemierre, the EBRD will continue to make equity investments in local banks and microfinance institutions (MFIs). Additionally, it hopes to help them with “issues of transparency, corporate governance, and capacity building.” Beyond typical microcredit operations, the EBRD will help the sector with expanding leasing, insurance, and pension operations. The investment will especially focus on small and micro-enterprises in the rural areas of the country, particularly those within the agriculture sector.
Similar Posts:
- MICROCAPITAL BRIEF: EBRD Loaning $5m to ING Finansal Kiralama for Leasing for Energy Efficiency, Renewables in Turkiye
- MICROCAPITAL BRIEF: Uzpromstroybank (UzPSB) Borrowing $15m from EBRD for SMEs in Uzbekistan
- MICROCAPITAL BRIEF: EBRD Loans $21m to BMCI of Morocco as Part of Women in Business (WiB) Program
- MICROCAPITAL BRIEF: EBRD Loans $4.4m to KEP Trust of Kosovo with Focus on Rural, Women-led MSMEs
- MICROCAPITAL BRIEF: Reefy Microfinance Borrows $6.5m from EBRD for Youth-led MSMEs in Egypt