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Project details
The Western Balkan Enterprise Development and Innovation Facility (WB EDIF) Coordination
| Type of entry | Project |
|---|---|
| Date (start - end) | 31.12.2016 - 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, D2, Unit for Institution Building, TAIEX, Twinning |
| 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. EDIF includes three regional financial instruments: two equity funds and a guarantee facility. Furthermore, it includes a 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. EIF acts as Platform Coordinator to support the stakeholders and ensure effective implementation and development of EDIF. To this end this action provides for the alignment of the coordination arrangements with the duration of the EDIF components, by extending the Coordination Agreement until end 2023. The action will also facilitate the beneficiaries' participation in the Platform Advisory Group (PAG) meetings, by providing support aligned with that of the Western Balkans Investment Framework. Furthermore, it will streamline the EDIF coordination and governance by taking on board lessons learned and results of the Results Oriented Monitoring. |
* 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