WB EDIF is an EU funded initiative which aims at increasing the financial resources made available to SMEs based in the Western Balkans, as well as support services for private sector development, to support socio-economic development and EU accession across the Region.
WB EDIF was launched in December 2012 by the European Commission, the EIF, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), acting as co-lead international financial institutions.
The EUR 145 million of initial capital pulled together under WB EDIF may translate into about EUR 300 million of finance benefitting SMEs based in the Western Balkan countries.
What is WB EDIF’s geographical reach?
WB EDIF targets SMEs based in Albania, Bosnia and Herzegovina, Croatia, Kosovo*, former Yugoslav Republic of Macedonia, Montenegro and Serbia.
WB EDIF does not support entrepreneurs directly but provides funding to local financial intermediaries via debt and equity products as well as support services - e.g. venture capital funds, guarantee schemes including mutual guarantee organisations, micro-finance institutions and any other financial institution providing finance to SMEs established and operating in one or several of the Western Balkan countries mentioned above.
WB EDIF, which is coordinated by the European Investment Fund (EIF), consists of four pillars:
Eligible Financial Intermediaries can apply to this instrument by downloading the application documents provided hereunder. The deadline by which to apply is 31 December 2019. EIF will select intermediaries after a due diligence process.
Call for Expression of Interest
Annex I – Expression of Interest
Annex II – Indicative Guarantee Term Sheet
Data inputs - Information Requirements
Terms of confidentiality
For further information about WB EDIF, please visit www.wbedif.eu
*Kosovo: this designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence)
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