IFC supports SME and climate financing in Romania

The International Finance Corporation is lending its support to Romania's UniCredit Leasing Corporation to increase access to finance for small and medium-sized enterprises and to provide more climate finance to its clients across the country. 

The €27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions, the IFC says.

Access to finance for businesses in Romania, particularly for micro, small and medium sized enterprises, is limited and the country has a reduced level of financial intermediation. IFC's investment will help bridge this financing gap, with UCLC directing 60% of it to SMEs and at least 40% to climate-related projects.