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ebrd and fyr macedonia

The EBRD is joining international efforts to support FYR Macedonia to accelerate structural reform and to give fresh drive to private enterprise development, in line with the government's resolution to boost the economy and create new jobs as well as to implement the Stabilisation and Association Agreement with the European Union (EU).

The EBRD's focus will be on increased support to the private sector and small and medium-sized enterprises (SMEs) in particular, through direct financing to export oriented businesses, small direct equity investments, micro-finance through local banks and the expansion of the Trade Facilitation Programme (TFP). The Bank is taking a lead in establishing a focused dialogue between the international investors' community and the government to improve investment conditions. There is a strong emphasis on the electricity sector with new projects, as well as on transport projects with a regional dimension and municipal environmental investments.

Building on its considerable presence in the banking sector, the EBRD is focusing on improving access to credit for private enterprises including SMEs through local banks as well as the promotion of new financial products such as mortgage loans and a co-financing facility. The Bank is also exploring ways to support the development of non-bank financial institutions

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