SPEED ROUND: DEVELOPMENT FINANCE

EBRD launches USD 120 mn Youth in Business program, provides NBE with USD 20 mn credit facility for SME lending

The European Bank for Reconstruction and Development (EBRD) is launching a USD 120 mn Youth in Business program that will offer young entrepreneur-led SMEs access to financing and technical assistance to offset youth unemployment and high emigration levels, according to a press release (pdf). “Limited capital and gaps in know-how are among the biggest barriers…