EBRD, EIB and World Bank Group join forces to support Central and Eastern Europe.

(From The Ukrainian Times)

The largest multilateral investors and lenders in Central and Eastern Europe - the European Bank for Reconstruction and Development (EBRD), the EIB Group and the World Bank Group - have pledged to provide up to 24.5 billion euros to support the banking sectors in the region and to fund lending to businesses hit by the global economic crisis.

This initiative complements national crisis responses and will deploy rapid, large-scale and coordinated financial assistance from the International Financial Institutions to support lending to the real economy through private banking groups, particularly to small and medium-sized enterprises. The financial support will include equity …