Austrian Development Bank (OeEB/ADB) Microfinance Enhancement Facility (MEF)
The Austrian Development Bank invests in the Microfinance Enhancement Facility (MEF), a US$500 million fund founded by KfW and IFC, which aims to boost the pool of refinancing available to the microfinance industry. In 2009 the ADB committed a financial envelope of €20 million to the fund. Together with the two founders, IFC and KfW, it was the first institution to subscribe to the fund. This investment is in line with ADB’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.
Support to the Unibank – Azerbaijan
In 2009 the Austrian Development Bank, the European Bank for Reconstruction and Development (EBRD), the Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and the Dutch development bank, FMO, signed a financing package for Unibank in Azerbaijan of US$83 million, with a €10 million investment from the Austrian Development Bank. This financing aims to strengthen Unibank’s capital base and assist it to carry on lending to the real economy in the current difficult environment.
For more information: http://www.oe-eb.at/en/projects/financing-projects/Pages/creditline-unibank.aspx