EBRD, EU in 52.5 mln euro guarantee deal for W. Balkans, Turkey

The EU is providing the guarantee through its European Fund for Sustainable Development Plus (EFSD+) guarantee programme, which supports financing and investment operations in partner countries outside of Europe, the EBRD said in a press release.

The guarantee is expected to mobilise at least 400 million euro in EBRD and private-sector financing.

It is expected to help EBRD partners on-lend to MSMEs – in particular, women- or youth-led enterprises, those located in rural areas and, in Turkey, in earthquake-affected regions.

($ = 0.923 euro)