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International Finance Corporation (IFC), member of the World Bank Group, loans USD 26 million to EXIMBANK- Gruppo Veneto Banca
EXIMBANK – Gruppo Veneto Banca has obtained a loan in the amount of 26 mln. USD for a term of 5 years, from International Finance Corporation, a member of the World Bank Group, which supports investments in the private sector.

The funds will be used to support competitiveness of small and medium-sized enterprises. Development of private sector is essential for sustainable and functional economy. Taking into account the important role of SME sector, it is vital to provide them access to capital on favorable terms for equipment and technology innovation and improvement. The main aim of the cooperation between the EXIMBANK – Gruppo Veneto Banca and IFC is to increase the capacity of Moldovan entities to resist competition on the internal and external markets, via alignment to the new standards of quality.

The obtained loan will contribute to the consolidation and diversification of the Bank’s attracted resources. It is the first collaboration of EXIMBANK – Gruppo Veneto Banca with IFC and the first step to durable and long-term cooperation in favor of the financial institutions, local companies and national economy as a whole.

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