IFC fund investment boosts financing to MSMEs

The International Finance Corporation is investing €18.5 million in the European Fund for Southeast Europe SA, SICAV-SIF (EFSE). 

The facility will be used for on-lending to micro, small, and medium enterprises through banks and microfinance institutions in 14 European and Central Asian countries. Research shows that 27% of formal MSMEs in the region have unmet financing needs, with the finance gap in the region estimated at around $740 billion.