Support to MSMEs sector in the Republic of Moldova: BGK amortised loan to ODA - FACEM Fund

About this project

<p>The Project aims at providing an amortised loan by Bank Gospodarstwa Krajowego (BGK), Polish development bank, to the Ministry of Finance of the Republic of Moldova intended for the Moldovan public institution Organization for Entrepreneurship Development (ODA) via the Fund for Entrepreneurship and Economic Growth (FACEM). BGK will provide the loan in the amount of 5 m EUR in order to exclusively support credit action undertaken by the Moldovan commercial banks for the benefit of the Micro, Small and Medium-Sized Enterprises¿s (MSMEs) sector including these from rural areas in the Republic of Moldova. Additional technical assistance (TA) component implemented by the Solidarity Fund PL Representative Office in Moldova will be an integral part of the Project.</p>

Goals

Sustainable Development Goals this project works towards

• 1No Poverty
• 5Gender Equality
• 6Clean Water and Sanitation
• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 9Industry, Innovation and Infrastructure
• 10Reduced Inequalities
• 11Sustainable Cities and Communities
• 12Responsible Consumption and Production
• 13Climate Action

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Sectors

Energy policy and administrative managementSmall and medium-sized enterprises (SME) developmentTransport policy and administrative management

Focus

Gender equality · Also contributesEnvironment · Also contributesClimate mitigation · Also contributesClimate adaptation · Also contributes

Places

998 - CRIS 433-502

Funded by

European Commission

Implemented by

BANK GOSPODARSTWA KRAJOWEGO

Accountable

Regional Development Bank

Passes funds through

Directorate-General for Neighbourhood and Enlargement Negotiations

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2023-PC-33255.

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