General colour template for PC presentations Presentations

1
(No Transcript)
2
EMN 4th Annual Conference Berlin, April 07

• Maria Teresa Zappia
• EBRD - Group for Small Business

3
EBRD'S EXPERIENCE IN NEW EU COUNTRIES

• Examples from Romania and Bulgaria
• ProCredit Bank model
• Working with specialised Microfinance
  Institutions
• Downscaling with local commercial banks

4
LESSONS LEARNT

• Subsides are needed to attract more commercial
  banks to enter the microfinance market, but these
  should be ring-fenced (TA for capacity building).
• Importance of demonstration effect (e.g.
  ProCredit Macedonia).
• Long-term commitment is crucial to succeed in the
  microfinance/SME sector, and significant start-up
  investments are required.

5
RECOMMENDATIONS

• Facilitate close cooperation with private sector
  actors to ensure long-term sustainability (via
  syndications and equity partnerships).
• Facilitate the integration of different types of
  financial intermediaries (e.g. guarantees for
  local currency financing).
• Reduce subsidies distorting the market.