Client: European Bank for Reconstruction and Development
Duration: 2007-2010
Region: Eastern Europe and Central Asia
Country: Bulgaria
Solutions: Economic Growth
DAI was contracted by the European Bank for Reconstruction and Development, under its Small and Medium Enterprise (SME) Finance Facility Special Fund, to support Allianz Bank’s ability to downscale its lending activities to the SME sector in Bulgaria. In 2007, the fund provided Allianz Bank with a credit line of €5 million for on-lending to Bulgarian SMEs and to be disbursed over a period of up to two years. Following the successful utilization of the credit line, an extension for additional €5 million was signed in February 2009. Both credit lines were fully utilized by the end of the assignment.
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The Advancing Commerce Connectivity and Exports Leading to Economic Readiness for Accession to the EU (ACCELERATE) program is a regional buy-in mechanism is designed to advance EU market integration and support the EU accession of up to 12 countries, including Ukraine, Moldova, and countries across the Western Balkans and the Caucasus.
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