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Trade-related financial services - Austria

Trade-related financial services - Austria

Information dated: 2017
Contact

http://www.oe-eb.at/en/projects/Pages/microfinance-enhancement-facility.aspx

Austrian Development Bank (OeEB) Microfinance Enhancement Facility (MEF)

The Austrian Development Bank invests in the Microfinance Enhancement Facility (MEF), a US$545,8 million fund founded by KfW and IFC, which aims to boost the pool of refinancing available to the microfinance indus­try. In 2009 the OeEB committed a financial envelope of 20 million to the fund and 9,4 million in 2014. Together with the two found­ers, IFC and KfW, it was the first institution to subscribe to the fund. This investment is in line with OeEB’s focus on strengthening microfinance institutions. The funds will be used to support microfinance institu­tions in South East Europe, Central Asia, Africa and Central and Latin America.

Contact

http://www.oe-eb.at/en/projects/Pages/agricultural-enterprises-central-america.aspx

Latin American Agribusiness Development Corporation (LAAD)

Credit line for financing agricultural enterprises in Central America - With the credit line OeEB provides access to financing options for agriculture enterprises in Central America and secures that LAAD has furthermore the ability to offer long-term credits to their clients. Thereby OeEB supports necessary modernization in the agricultural sector in Central America as well as the maintenance and creation of employment. Especially in agrarian areas poverty appears very distinctive. Agriculture clients who use genetically modified seeds will be banned from receiving financing resources of OeEB.