DBT is the first lender in Sweden to sign an agreement of SEK 1.5 billion with EIF for their new credit guarantee program for SMEs. This unique collaboration with guarantee facility enables further financing with improved credit terms for Swedish small and medium-sized companies. DBT has been granted a guarantee by the European Investment Fund under the new European Guarantee Fund (“EGF”). This credit program has been developed to support SMEs in the EU that have experienced difficulties … [Read more...] about 1.5 billion SEK agreement to support Swedish SMEs
ITC, QBD and HEC Paris Join Forces to launch the first Export Accelerator Program
The Qatar Development Bank (QDB), with the support of the International Trade Centre (ITC) and of HEC Paris, a world leader in Executive Education, is launching the Export Accelerator Program to develop the capabilities of Qatari exporting companies boosting their export-led growth and enhancing their reach to international markets. The new project is set to help Small and Medium Enterprises (SMEs) overcome the challenges they face when engaging internationally, and to network effectively … [Read more...] about ITC, QBD and HEC Paris Join Forces to launch the first Export Accelerator Program
Google invests EUR 20.5m to support SMEs and Life Science companies
Small and medium-sized companies across the EU will have the opportunity to gain access to Google-backed financing due to its EUR 20.5m investment into two fund-of-funds advised by the European Investment Fund. Google’s investment consists of EUR 12.3m into a loan fund-of-funds for small businesses, and an investment of EUR 8.2m into a life sciences venture capital fund-of-funds, that will provide financing specifically to life sciences SMEs. Both fund-of-funds are advised by the … [Read more...] about Google invests EUR 20.5m to support SMEs and Life Science companies
Latin America & Caribbean: IDB and Google partner to strengthen small businesses
The current COVID-19 crisis poses an unprecedented challenge to the continuity of microfinance institutions (MFIs), especially small- and medium-sized ones, in a context where financial services are needed more than ever for small businesses. As the effects of the COVID-19 crisis impact the economy of the Latin American and Caribbean (LAC) region, small and medium microfinance institutions face serious liquidity problems and currency mismatches as their loan portfolio quality deteriorates, … [Read more...] about Latin America & Caribbean: IDB and Google partner to strengthen small businesses
Jordan: EIB and the Housing Bank join hands to support SMEs
The European Investment Bank (EIB) is partnering with Housing Bank to support the Jordanian economy with a €100 million line of credit to local private sector businesses that have been severely impacted by the economic consequences of the coronavirus outbreak. The operation represents a coordinated effort with the European Union and forms part of Team Europe’s overall response to the Covid-19 crisis, which aims to support sustainable social and economic recovery of the region. It also … [Read more...] about Jordan: EIB and the Housing Bank join hands to support SMEs
Georgia: EBRD and EU step up to assist small businesses
The European Bank for Reconstruction and Development (EBRD) is offering enhanced advisory services to support small and medium-sized enterprises (SMEs) in Georgia, to advance their digitalisation and access to capital markets against the backdrop of the coronavirus pandemic. Backed by €1.8 million in EU funding, the EBRD will help local firms with their digital transformation to avoid interruptions to their operations because of the pandemic and rebuild their businesses with a focus on … [Read more...] about Georgia: EBRD and EU step up to assist small businesses
US$ 4 million financing package to support green investments in Tajikistan
The European Bank for Reconstruction and Development (EBRD) has organised a financing package of US$ 4 million to Tajikistan’s largest private lender Bank Eskhata (Eskhata) under its Green Economy Financing Facility (GEFF) to support green financing for households and small private-sector companies investing in green technology solutions. Households and small and medium-sized enterprises across the country, including in villages and remote rural areas, will benefit from Eskhata’s loans for … [Read more...] about US$ 4 million financing package to support green investments in Tajikistan
EBRD, EU and donors assist SMEs and green homes in North Macedonia
The European Bank for Reconstruction and Development (EBRD) provides grants of €3.5 million combined to ProCredit Bank Skopje to assist small and medium-sized enterprises (SMEs) in reaching EU standards and residential home-owners to make their buildings more energy-efficient. The new funds come at a critical time as private businesses and citizens in North Macedonia feel the economic impact of the coronavirus pandemic. The first part of the financial package consists of a €2.5 million … [Read more...] about EBRD, EU and donors assist SMEs and green homes in North Macedonia
EBRD and EU uplifts resilience of SMEs in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) is providing a €10 million financial assistance to Intesa Sanpaolo Banka in Bosnia and Herzegovina for on-lending to small and medium-sized enterprises (SMEs) for investments in competitiveness and measures to overcome the economic downturn following the coronavirus pandemic. In addition to loans, SMEs benefit from tailor-made technical assistance and know-how for project preparation and implementation, as well as grant incentives … [Read more...] about EBRD and EU uplifts resilience of SMEs in Bosnia and Herzegovina
COVID-19: €65m financial support to boost recovery of SMEs in Western Balkans
The European Investment Bank (EIB) and the ProCredit group have agreed on a new €65 million credit line to support small and medium enterprises (SMEs) in the Western Balkans and to speed their recovery from the COVID-19 crisis. This transaction provides much-needed financing to companies in Serbia, Albania, North Macedonia and Bosnia & Herzegovina and addresses their working capital, liquidity and investment needs in the face of the ongoing pandemic. In parallel, the operation … [Read more...] about COVID-19: €65m financial support to boost recovery of SMEs in Western Balkans
