SELECTED NEWS
Award of EBRD Western Balkans Portfolio Risk Sharing Facility
Crimson has been contracted to implement the EBRD Western Balkans Portfolio Risk Sharing Facility (PRS). Funded by the European Bank for Reconstruction and Development (EBRD) and the European Union (EU), PRS is designed to open up financing for micro, small and medium-sized (MSME) enterprises in the Western Balkans (Albania, Bosnia & Herzegovina, Kosovo, Macedonia, Montenegro and Serbia), thorough the provision of a portfolio guarantee that will cover 50% of the credit risk on financing to target MSMEs. Working through partner financial institutions throughout the Western Balkan region, PRS offers an innovative solution to address the gap in financing many MSMEs face due to lack of adequate collateral. The facility is designed in particular to support rural business, businesses working in the agricultural or tourism sectors, woman-owned businesses, youth owned businesses, and businesses making investments in green energy and energy efficiency.
