WB EDIF first began providing financing to Albania via its Guarantee Facility instrument, which was deployed via Procredit Bank. Following good deployment of this first round of financing, a second Guarantee Facility was signed with Raiffeisen Bank Albania.
The Fund Managers of ENIF and ENEF have also been actively exploring investment potential and sourcing pipeline in the country.
ENEF made one investment, in company APM: a local manufacturers of fabricated metal products in Albania serving both the domestic and export markets.
On the Support Services side:
- Albania was the last beneficiary country to start utilising WB EDIF funding for EBRD’s Advice for Small Businesses (ASB) in the second half of 2017 through local and international consultancy projects,
- Led by the OECD, the Small Business Act (SBA) assessment supported Albania in improving SME policy making and enhancing the capacity of its policy makers in addressing related challenges,
- An IP toolkit was made available to participants of a workshop held in Tirana by EIB to support understanding of intangible assets and intellectual property in the Western Balkans, and
- Under the World Bank’s EU-REPARIS programme, activities were organized on a regional basis with regular participation of the various stakeholders of Albania.
provided in financing to SMEs