EU4Business - European Fund for Southeast Europe (EFSE)

Available also in: Russian
European Fund for Southeast Europe (EFSE)
Timeframe
2009-2019
Budget
€5.1 million

A new European Neighbourhood Fund, created under the EFSE to provide additional development finance to micro- and small-sized enterprises and private households via local financial intermediaries in the Eastern Neighbourhood region

EaP countries covered: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine

The EFSE is structured as an investment company with variable shared capital.

Objectives
  • Attract private sector capital to the Fund and thereby leverage investments into the region for the development of the private sector, in particular, micro and small enterprises, housing.
  • Support the beneficiary countries in their progress towards a market economy, in particular, through the creation of a competitive sector.