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    Eastern Europe Secures Massive Funding from Lenders

    By Ma. Rizza Leonzon // 02 March 2009

    The World Bank, European Bank for Reconstruction and Development and European Investment Bank unveiled a joint financing worth EUR24.5 billion (USD31 billion) to help ailing eastern and central European economies,

    reported. The two-year initiative will provide rapid and massive funding to banks to ensure that small and medium-sized enterprises have access to capital. The three lenders vowed to raise other funding resources for the region, which will be provided in the form of equity and debt finance, credit lines and political risk guarantees.

    • Funding
    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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