EBRD, EU provide EUR 5 mln to Moldova's Eximbank for on-lending to MSMEs

Banking

The European Bank for Reconstruction and Development and the European Union are jointly lending EUR 5 million to Moldova's Eximbank to support investment plans of local micro, small and medium-sized enterprises (MSMEs), the EBRD said in a statement.

At least 70% of the new funds will be used to finance green technologies and a third will be dedicated to improving access to finance for women-led companies, the EBRD said.

Borrowers will be eligible for a cashback grant of up to 15% of the loan amount upon successful completion of their respective investments. 

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