EFSE is more than just a fund: Its public-private partnership (PPP) structure has made the European Fund for Southeast Europe an international role model for intelligent and innovative development policy in the 21st century. The PPP approach enables EFSE to mobilise funding from private institutional investors to top up international public donor funding for development finance. In addition, it provides a platform for the coordination of donor activities in its regions. This pooling of resources multiplies the impact of budget funds towards a common goal: to promote responsible financial sector development in EFSE’s target countries and ensure MSEs and low-income households have sustainable access to financial services.

Finally, EFSE operates as a market enabler, facilitator and risk taker as well as an innovator and incubator for new financial products that benefit the target group.

Our Mission

The European Fund for Southeast Europe aims to foster economic development and prosperity in the Southeast Europe region and in the European Eastern Neighbourhood region through the sustainable provision of additional development finance, notably to micro and small enterprises (MSEs) and private households, via qualified financial institutions.

In pursuing its development goal, the fund observes principles of sustainability and additionality, combining development and market orientations.

EFSE generates measurable impact in the following:

  1. Supporting micro and small enterprises as the backbone of local economies, thereby contributing to income generation and employment creation
  2. Satisfying the basic need for decent shelter
  3. Strengthening local financial markets

Fund Highlights

Promoting regional cooperation

With its regional approach, the EFSE serves as a vehicle to strengthen economic cooperation between different countries.

Balancing social development and commercial approach

EFSE uses an innovative manner to combine a clear development orientation with private sector efficiency and positive risk-adjusted returns, thereby ensuring institutional sustainability.

Promoting private public partnerships and mobilise private capital for development

EFSE utilizes donor grants as a risk cushion for attracting private investors for development purposes. Up to seven times the amount of the initial investment and/or grant can be raised for the target group, representing significant leveraging capacity.

Facilitating access to capital markets

By mobilising private capital through the risk protection mechanism set in place with investor and donor funds and mezzanine capital from development finance institutions and international financial institutions, EFSE helps local and regional financial institutions access European and international capital markets.

Serving as a market enabler

EFSE acts as a risk taker to overcome prohibitive country-specific and institutional risks that prevent the financial sector from serving the fund‘s ultimate target groups. Furthermore, the fund plays an important role in anticipating market developments. By continuously adjusting its range of services and products, EFSE pushes the development finance frontier to the benefit of its target groups.

Ensuring the development mission through a mix of instruments at different levels

EFSE’s development mission is continuously assured through investor and donor representation at Board level and in various committees. Furthermore, development performance is constantly assessed against development targets and in the Development Impact Study that is commissioned on a regular basis.

Coordination platform for local and international stakeholders

The European Fund for Southeast Europe serves as a coordination platform for donor agencies, development finance institutions, and international financial institutions, as well as local governments.

Local ownership

It is envisaged that donor funds invested in EFSE will be partly or largely transferred to local stakeholders. In the future, therefore, local stakeholders will increasingly become shareholders in the fund, adding to the current local shareholders (Armenia and Albania).

Catering for the needs of donor and government programmes

EFSE allows earmarking grant funding for investments in specific countries and/or for specific activities of the EFSE Development Facility. Furthermore, the fund is also open to incorporating existing donor or government programmes that serve its ultimate target groups.

Contact Us

Hauck & Aufhäuser Asset Management Services Thomas Albert 1c, rue Gabriel Lippmann 5356 Munsbach Luxembourg

Thomas Albert, Hauck & Aufhäuser Asset Management Services
Phone Fax Mobile E-Mail
+352 (0) 221 522-450 +352 (0) 221 522-9450 +352 (0) 621 290894 Thomas.Albert@hauck-aufhaeuser.com

Finance in Motion GmbH Sylvia Wisniwski Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Sylvia Wisniwski, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 0 +49 (0) 69 271 035 - 110 s.wisniwski@finance-in-motion.com

Finance in Motion GmbH Marianne Sulzer Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Marianne Sulzer, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 329 +49 (0) 69 271 035 - 110 ta@finance-in-motion.com

Finance in Motion GmbH Mejra Juzbăsić Kralja Tvrtka 12/2 71000 Sarajevo Bosnia and Herzegovina

Mejra Juzbăsić, Finance in Motion GmbH
Phone Fax E-Mail
+387 (0) 33 56 11 - 90 +387 (0) 33 56 11 - 91 bosnia_and_herzegovina@finance-in-motion.com

Finance in Motion GmbH Oxana Binzaru 67, Hanrapetutyan street 0010 Yerevan Armenia

Oxana Binzaru, Finance in Motion GmbH
Phone E-Mail

Finance in Motion GmbH Oxana Binzaru 25, M. Bănulescu Bodoni str., 3rd floor, room 31 MD - 2012 Chișinău Republic of Moldova

Oxana Binzaru, Finance in Motion GmbH
Phone Fax E-Mail
+373 (0) 22 54 46 26 +373 (0) 22 54 46 26 romania@finance-in-motion.com

Finance in Motion GmbH Dragan Spirovski Maksim Gorki 20/3 1000 Skopje FYR Macedonia

Dragan Spirovski, Finance in Motion GmbH
Phone Fax E-Mail
+389 (0) 2 31 32 - 628 +389 (0) 2 31 32 - 627 bulgaria@finance-in-motion.com

Finance in Motion GmbH Iveta Tancheva-Nikolova 24 Rustaveli Avenue, III Floor 0108 Tbilisi Georgia

Iveta Tancheva-Nikolova, Finance in Motion GmbH
Phone Fax E-Mail
+995 (0) 322 611 - 158 +995 (0) 322 611 - 158 georgia@finance-in-motion.com

Finance in Motion GmbH Mejra Juzbăsić Qamil Hoxha 7 1/6 10000 Prishtina Kosovo

Mejra Juzbăsić, Finance in Motion GmbH
Phone Fax E-Mail
+381 (0) 38 749 050 +381 (0) 38 749 053 kosovo@finance-in-motion.com

Finance in Motion GmbH Oxana Binzaru 25, M. Bănulescu Bodoni str., 3rd floor, room 31 MD - 2012 Chișinău Republic of Moldova

Oxana Binzaru, Finance in Motion GmbH
Phone Fax E-Mail
+373 (0) 22 54 46 - 26 +373 (0) 22 54 46 - 26 moldova@finance-in-motion.com

Finance in Motion GmbH Vladan Curic Bulevar Svetog Petra Cetinjskog 114 81000 Podgorica Montenegro

Vladan Curic, Finance in Motion GmbH
Phone Fax E-Mail
+382 (0) 20 22 83 - 41 +382 (0) 20 22 83 - 40 montenegro@finance-in-motion.com

Finance in Motion GmbH Vladan Curic Airport City, Omladinskih brigada 90v, building 1700, 8th floor 11070 Belgrade Serbia

Vladan Curic, Finance in Motion GmbH
Phone Fax E-Mail
+381 (0) 11 22 89 - 058 +381 (0) 11 22 89 - 026 serbia@finance-in-motion.com

Finance in Motion GmbH Burcu Karpuz Buyukdere Caddesi No: 237; Noramin Is Merkezi A103 34398 Maslak, Sariyer, Istanbul Turkey

Burcu Karpuz, Finance in Motion GmbH
Phone Fax E-Mail
+90 212 286 01 23 +90 212 286 01 22 turkey@finance-in-motion.com

Finance in Motion GmbH Oxana Binzaru Shovkovychna Str. 10, office 4 01021 Kyiv Ukraine

Oxana Binzaru, Finance in Motion GmbH
Phone E-Mail
+380 44 290 70 88 ukraine@finance-in-motion.com

Finance in Motion GmbH Iveta Tancheva-Nikolova Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Iveta Tancheva-Nikolova, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 919 +49 (0) 69 271 035 - 110 azerbaijan@finance-in-motion.com

Finance in Motion GmbH Dragan Spirovski Maksim Gorki 20/3 1000 Skopje FYR Macedonia

Dragan Spirovski, Finance in Motion GmbH
Phone Fax E-Mail
+389 (0) 2 31 32 628 +389 (0) 2 31 32 627 croatia@finance-in-motion.com

Finance in Motion GmbH Oxana Binzaru 25, M. Bănulescu Bodoni str., 3rd floor, room 31 MD - 2012 Chișinău Republic of Moldova

Oxana Binzaru, Finance in Motion GmbH
Phone Fax E-Mail
+373 (0) 22 54 46 - 26 +373 (0) 22 54 46 - 26 belarus@finance-in-motion.com

Finance in Motion GmbH Dragan Spirovski Maksim Gorki 20/3 1000 Skopje FYR Macedonia

Dragan Spirovski, Finance in Motion GmbH
Phone Fax E-Mail
+389 (0) 2 31 32 - 628 +389 (0) 2 31 32 - 627 FYR_macedonia@finance-in-motion.com

Finance in Motion GmbH Mejra Juzbăsić Kralja Tvrtka 12/2 71000 Sarajevo Bosnia and Herzegovina

Mejra Juzbăsić, Finance in Motion GmbH
Phone Fax E-Mail
+387 (0) 33 56 11 - 90 +387 (0) 33 56 11 - 91 albania@finance-in-motion.com

Finance in Motion GmbH Sylvia Wisniwski Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Sylvia Wisniwski, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 0 +49 (0) 69 271 035 - 110 press@efse.lu

Finance in Motion GmbH Marianne Sulzer Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Marianne Sulzer, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 329 +49 (0) 69 271 035 - 110 ta@finance-in-motion.com

KfW Christoph Tiskens Palmengartenstr. 5-9 60325 Frankfurt am Main Germany

Christoph Tiskens, KfW
Phone E-Mail
+49 (0)69 7431 4260 christoph.tiskens@kfw.de

Finance in Motion GmbH Maja Gizdic Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Germany

Maja Gizdic, Finance in Motion GmbH
Phone Fax E-Mail
+49 (0) 69 271 035 - 0 +49 (0) 69 271 035 - 110 m.gizdic@finance-in-motion.com

Finance in Motion GmbH, Luxembourg Branch 43, Rue Sainte Zithe 2763 Luxembourg

Phone E-Mail
+352 (0) 28 99 59 59 investors@efse.lu

Contact point for complaints

For any complaints about the European Fund for Southeast Europe, please use the following email address: complaints@efse.lu.

Publications

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