WB EDIF in your country

WB EDIF in your country

WB EDIF operates in 7 Western Balkan economies
and provides millions of euros of financing and support to SMEs
WB EDIF operates in 7 West Balkan countries
and provides millions of euros of support.

WB EDIF
in yout country

WB EDIF operates in 7
West Balkan countries
and provides
millions of euros of support.

Montenegro

WB EDIF has seen very good take-up from the Guarantee Facility in Montenegro, whereby under the first round of financing, the EIF deployed a guarantee instrument with Crnogorska Komercijalna Banka (CKB) in 2014. A second allocation to CKB took place in 2016 – stemming from an additional EU financing contribution owing to the general success of the instrument in the region.

The Fund Managers of ENIF and ENEF have also been actively exploring investment potential and sourcing pipeline in the country.

On the Support Services side

  • SMEs in Montenegro have received advisory services through 36 projects under the EBRD’s Advice for Small Businesses (ASB) to help their growth, competitiveness and bankability
  • Led by the OECD, the Small Business Act (SBA) assessment supported Montenegro in improving SME policy making and enhancing the capacity of its policy makers in addressing related challenges
  • The World Bank Investment Readiness Program “Pioneers of the Balkans” provided mentoring to entrepreneurs to help them get access to external sources of funding.,
  • An IP Toolkit was distributed to participants of the Workshop held in Podgorica under the programme lead by EIB for support on intangible assets and intellectual property in the Western Balkans
  • Under the World Bank’s EU-REPARIS programme, activities were organized on a regional basis with regular participation of the various stakeholders of Montenegro
20.82m € Financing for SMEs
768 SMEs financed
Western Balkans WB EDIF map Serbia Croatia Kosovo* Montenegro Bosnia and Herzegovina FYR Macedonia Albania

News & Events

21 Mar
- 2016
NEWS

The WBEDIF Guarantee Facility II Call for Expression of Interest goes live

Following the good results of the first round of financing of the WBEDIF Guarantee Facility, and with the endorsement of the Platform Adivisory Group (PAG), the instrument has been replenished with additional European Union funding. On 18 March 2016 the corresponding Call for Expression of Interest went live and the EIF shall begin receiving applications and selecting Financial Intermediaries to allocate funding to. Read more

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