New EBRD, IFC fund offers financing for region
A new investment fund is targeting countries in Central and Eastern Europe, among which Romania, Kazakhstan, Turkey and Ukraine, for the beginning. The European Bank for Reconstruction and Development, the International Finance Corporation and Development Finance Company, in partnership with Asia Debt Management Capital Hong Kong, have launched a new investment fund with an initial value of EUR 300 million. It will offer financing – loans and capital investments – between EUR 10 and EUR 30 million each, according to the IFC. The new fund will target average companies which are facing financing difficulties due to the crisis.