Description
A well-functioning financial sector is vital for private sector development in the EU Neighbourhood and Enlargement countries, but faces a number of hurdles. A well-functioning private sector, in turn, is vital for economic growth, revenue generation and international competitiveness - and a high priority for the EIB Group in the EU Neighbourhood and Enlargement countries. It is the main engine of poverty reduction and enables developing and emerging countries to raise standards of living and a sustainable provision of public goods and services. This paper analyses access to finance in the region, the steps the EIB has taken to overcome hindrances, and further market needs.
