EBRD and EU strengthen access to finance for women and young entrepreneurs in North Macedonia
North Macedonia, May 4 -- The European Bank for Reconstruction and Development (EBRD) and European Union (EU) are further strengthening their support for inclusive entrepreneurship in North Macedonia by signing €5 million of financing agreements with ProCredit Bank AD Skopje under the Women in Business (WiB) and Youth in Business (YiB) programmes.The package consists of:A €2.5 million senior unsecured loan under the Western Balkans WiB Phase II programme.A €2.5 million senior unsecured loan under the Western Balkans YiB programme.The EU is backing both facilities, providing technical assistance and a first-loss counter-guarantee through the European Fund for Sustainable Development Plus programme.The loans are ProCredit Ba...
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