20 December 2003 13:18
SMALL RUSSIAN BUSINESSES TO GET NEW EBRD LOAN SUPPORT
The European Bank for Reconstruction and Development (EBRD) confirmed on December 16 that it was lending the Russian
regional bank Uralsib $25 million under two complementary facilities to help it boost financing for the private sector
by on-lending the money to micro, small and medium-sized businesses. The loan agreements cover a $15 million four-year
facility as well as a separate $10 million five-year one under the EBRD’s Russian Small Business Fund (RSBF). Since
1994, the EBRD has disbursed over 160,000 loans with a cumulative value of $1.3 billon under the RSBF, which receives
funding support from the G-7 countries, Switzerland and the EU.
For a six-page EBRD brochure on EBRD-EU co-operation in Russia, see our website EISnet: www.eis.be > Advanced
search > Reference= EURE;2830;514
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