EBRD and EU step up support for MSMEs in Central Asia and Mongolia
Mongolia, May 15 -- The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are boosting access to finance for micro, small and medium-sized enterprises (MSMEs) in Central Asia and Mongolia.An additional €25 million in EU guarantees will be made available to local partner financial institutions for on-lending to this business segment. This marks an expansion of the existing Growth4All guarantees to a region where MSMEs form the backbone of the economy but often struggle to obtain finance to grow their business. The comprehensive package is expected to support the supply and demand of MSME financing by reducing associated risks and encouraging financial intermediaries to direct new lending to businesses ...
To read the full article or to get the complete feed from this publication, please
Contact Us.