Responsible finance – EFSE’s approach at the financial sector level

Offering Responsible Financial Instruments

The European Fund for Southeast Europe wishes to support the development of local financial markets and therefore promotes local currency financing wherever possible. Markets under strain, as was evident during the financial crisis, also require a flexible approach from investors. Under these circumstances, the Fund adjusted flexibly its terms and conditions and provided leeway to financial institutions to better cope with the effects of the financial, and subsequently also economic crisis, while maintaining high risk standards.

Raising awareness of responsible finance

EFSE is committed to promoting responsible finance practices by organising joint seminars and conferences with Central Banks and KfW as the EFSE promoter. Additionally, the Fund commissions research in the area of responsible finance to provide empirical evidence on the subject.