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.
- 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.