We promote local private sector development, in particular by providing support for small businesses. Micro, small and medium enterprises (MSMEs) are the backbone of the economies of the EaP countries. However, access to external funding still remains a challenge for companies throughout the region. The EIB works with many financial partner institutions, both privately and publicly owned, in order to improve access to finance for MSMEs.
We contribute to better access to financing through diverse instruments ranging from the provision of funding at favourable rates to risk-sharing instruments that enable our partner banks to reach out to underserved segments of the economy. Close coordination with EU institutions and the use of EU grant instruments are fundamental in these efforts.