The European Bank for Reconstruction and Development (EBRD), OTP Bank Albania and the Albania Agribusiness and Tourism Support Facility are stepping up their support for companies in the country’s agribusiness and tourism sectors.
Together with the government of Albania and the European Union (EU), the EBRD is committing up to €7.11 million of loans to eligible firms in the agribusiness and tourism sector, risk-shared with its partner bank, OTP Bank Albania. The funds will be provided through the Albania Agribusiness and Tourism Support Facility (AATSF), a framework aimed at improving access to finance for small and medium-sized businesses.
The facility also includes a 10 per cent investment incentive for sub-borrowers in the agribusiness and tourism sectors, funded by the government of Albania and the EU, respectively. Borrowers will receive the grant incentive once their investments have been completed and verified. The facility will also benefit from a government-backed first-loss risk cover mechanism.
For more information please read: https://www.ebrd.com/news/2021/ebrd-steps-up-support-for-tourism-and-agribusiness-in-albania-.html