TODAY.AZ / Business

EBRD expands microfinance in Azerbaijan

17 November 2006 [14:38] - TODAY.AZ
The European Bank of Reconstruction and Development (EBRD) is expanding its support for rural areas of Azerbaijan with two loans to commercial bank Rabitabank and local microfinance institution FINCA Azerbaijan which will benefit micro, small and medium size enterprises.

Both loans ($3 million each) are partially funded by the RDI Special Fund established at the EBRD as part of BP's Regional Development Initiative (RDI) Program aimed at creating transparent and effective access to commercial finance for local businesses including small and medium size enterprises and micro enterprises. AzerTAg

URL: http://www.today.az/news/business/32727.html

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