The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will provide a local-currency credit line equivalent to approximately USD 7 million for micro-, small and medium-sized enterprises (MSMEs) in Kyrgyzstan.
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MICROCAPITAL BRIEF: EBRD, European Union Launch Agribusiness Program in Tajikistan with $2m in Local-currency for MFI Arvand
The European Union (EU) and the European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently launched the Enhanced Competitiveness of Tajik Agribusiness Programme (ECTAP), for which they are seeking to raise EUR 42 million (USD 46.5 million) to boost agricultural productivity in Tajikistan via local financial service providers.
MICROCAPITAL BRIEF: EBRD, USAID to Cooperate on Boosting Private Sector Development in Regions Including Eurasia, Middle East, North Africa
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, and the United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, recently signed a “Framework for Cooperation” detailing a plan to boost private sector development in regions in which both organizations operate.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loaning up to $2m to Arvand of Tajikistan for On-lending to Micro- and Small Enterprises (MSEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently agreed to provide loan funds of up to TJS 15.7 million (USD 2 million) to Arvand, a Tajikistan-based microfinance institution (MFI), for on-lending to local micro- and small enterprises (MSEs).
MICROCAPITAL BRIEF: EBRD Loans $5.7m to United Bulgarian Bank for Residential Energy Efficiency
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned USD 5.7 million to the United Bulgarian Bank (UBB), a unit of the National Bank of Greece, for investments to improve the energy efficiency of residential buildings in Bulgaria. The loan is provided as part of EBRD’s Residential Energy Efficiency Credit Line (REECL), a facility serving Bulgaria that was “established by the EBRD in 2005 and extended twice due to strong market demand.”
MICROCAPITAL BRIEF: EBRD Syndicates $21m Loan for Belarusky Narodny Bank for MSMEs in Belarus
The European Bank for Reconstruction and Development, a UK-based multilateral institution, recently announced its intent to arrange a “senior unsecured syndicated A/B loan” of USD 21 million to be lent to micro-, small and medium enterprises (MSMEs) via Belarus’s Belarusky Narodny Bank. The loan is divided into a senior tranche of USD 5 million funded by EBRD and a junior tranche of USD 16 million, which will be “syndicated to financial institutions” other than EBRD.
MICROCAPITAL BRIEF: Switzerland’s SECO Donates $5m to EBRD for Small Businesses in Kyrgyz Republic, Tajikistan
The Swiss State Secretariat for Economic Affairs (SECO) recently contributed USD 5.1 million to the European Bank for Reconstruction and Development’s (EBRD’s) Small Business Initiative to support “infrastructure, enterprise and financial sector development, climate change mitigation through energy efficiency and renewable energy initiatives, and the sustainable use of natural resources” in the Kyrgyz Republic and Tajikistan. EBRD provides loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses primary via commercial banks and microfinance institutions (MFIs). SECO has donated a total of USD 189 million to EBRD from 1992 through 2016.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Pilot Program for Climate Resilience (PPCR) Loan $3m in Local Currency to Tajikistan’s Eskhata Bank for Environmental Projects
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, and the Pilot Program for Climate Resilience (PPCR), an initiative of various international development institutions that offers donations and preferential-rate loans for projects in developing countries, jointly have provided a local-currency loan equivalent to USD 3 million to Eskhata Bank, a commercial bank in Tajikistan that focuses on microfinance.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Sells Dai-ichi Life Insurance $100m in Microfinance Bonds
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, recently announced that it has sold ten-year microfinance bonds valued at MXN 1.7 billion (USD 100 million) to Japan’s Dai-ichi Life Insurance Company, a firm that offers life, property and casualty insurance as well as investment trust and related services.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $9m to Kyrgyzstan’s Kompanion; $5.4m to Morocco’s Albaraka to Finance Micro-, Small, Medium-Sized Enterprises (MSMEs)
The UK-based European Bank for Reconstruction and Development (EBRD) has lent the local-currency equivalent of USD 9 million to Kompanion Financial Group, a microfinance institution (MFI) based in Kyrgyzstan, and EUR 5 million (USD 5.4 million) to Albaraka, the first Moroccan MFI to partner with EBRD [1] [2].
MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD) to Extend Small Business Initiative to Turkmenistan
The European Union (EU) and the European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, have announced the extension of the Small Business Initiative, a program that provides loans and technical assistance to support small and medium-sized enterprises (SMEs), to Turkmenistan.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $13m to Krygyzstan’s Optima Bank for On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquarted in London, England, recently announced that it will loan the local-currency equivalent of USD 13 million to Optima Bank, a commercial bank headquartered in Bishkek, Kyrgyzstan.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) May Loan $70m to NBK-Egypt for On-lending to Small, Medium-sized Enterprises (SMEs) in Egypt
The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, England, is considering extending a credit line of USD 70 million to the National Bank of Kuwait-Egypt (NBK-Egypt), a commercial bank based in Cairo, Egypt.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $22m Credit to Belinvestbank of Belarus for On-Lending to Micro-, Small and Medium-sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, is considering extending a credit line of EUR 20 million (USD 22 million) to Belinvestbank (BIB), a state-owned bank in Belarus.
MICROCAPITAL BRIEF: Société Générale Loans $21.2m to Microenterprises in Serbia; European Bank for Reconstruction and Development (EBRD) Guarantees $10.6m in Support of Financial Inclusion Via VisionFund’s AgroInvest
The European Bank of Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will extend a guarantee facility of RSD 1.15 billion (USD 10.6 million) of a credit line totaling RSD 2.3 billion (USD 21.2 million) to be disbursed by Société Générale Serbia, a subsidiary of the France-based financial institution Société Générale, to rural microenterprises in Serbia.
MICROCAPITAL BRIEF: EBRD, EU Scale Up Support for Small, Medium-Sized Businesses in Tunisia with Donation of $11m
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it is increasing its support of small and medium-sized enterprises (SMEs) in Tunisia. The European Union (EU) through the Programme d’Appui à la Compétitivité des Services (PACS) is providing EUR 10 million (USD 11.3 million) to the initiative.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Planning to Loan $60m to Bank Audi of Egypt for SMEs, Trade Finance
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is planning to loan USD 60 million to Bank Audi Societe Anonyme Egyptienne (SAE), the Egyptian arm of Lebanon-based Bank Audi.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Planning to Loan $50m to Bank CenterCredit of Kazakhstan for On-lending to Micro, Small, Medium-sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is considering the disbursement of KZT 9.3 billion (USD 50 million) to Bank CenterCredit, a commercial bank in Kazakhstan.