EBRD boosting lending to businesses in Bosnia and Herzegovina
Photo by Piotr Swat / Shutterstock.com
The European Bank for Reconstruction and Development (EBRD) has announced it is providing a EUR 5 million loan to Partner Mikrokreditna Fondacija Tuzla (PMF) for on-lending to micro and small enterprises in Bosnia and Herzegovina, to overcome the economic impact of the coronavirus pandemic.
Photo by Piotr Swat/Shutterstock.com
The financing will be used to offer short-term liquidity to micro enterprises and small-scale farmers, the development bank says.
Helping enterprises overcoming the crisis is the goal of the EBRD’s EUR 4 billion Resilience Framework designed to provide existing clients with liquidity support and short-term capital.
It is part of the EBRD Solidarity Package which also includes trade finance and restructuring of exposures, EBRD said.
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