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Project details
Strengthening of the Western Balkan Enterprise Development and Innovation Facility
| Type of entry | Project |
|---|---|
| Date (start - end) | 31.12.2015 - 31.12.2023 |
| Scheduled status | Completed |
| Areas of intervention | |
| Sectors |
32130 - Small and medium-sized enterprises (SME) development |
| Locations |
Albania Bosnia and Herzegovina Republic of North Macedonia Serbia Kosovo* Montenegro |
| Donors |
European Commission
European Commission LOI 15, 03/086 + 800 6 7 8 9 10 11 |
| Implementers |
DG Enlargement, D3, Unit for Regional Cooperation and Programmes European Bank for Reconstruction and Development (EBRD) European Investment Fund (EIF) |
| Beneficiaries |
Albania Bosnia and Herzegovina Kosovo* Montenegro Serbia Republic of North Macedonia |
| Description | The Western Balkans Enterprise Development and Innovation Facility (EDIF) was launched in December 2012 in response to the demand for enhanced private sector financing in the region, in particular for the innovative and high-potential SMEs which are the engines of economy. The initiative was originally channelled through the WBIF but has since been established as a separate facility due to the specific nature of its activities. EDIF includes three regional financial instruments: two equity funds and a guarantee facility. Furthermore, it includes a Technical Assistance/Support Services Facility to assist the beneficiary governments in targeted reforms and the final beneficiary SMEs in building up their capacities for innovation and growth. The specific objectives of this Action are to: replenish the Guarantee Facility, establish TA/Support Services Coordinator and integrate the EBRD Small Business Services programme with the EDIF TA/Support Services. |
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence