Signing ceremony - EBRD commits additional EUR 25 million to EFSE
The EFSE and the European Bank for Reconstruction and Development (EBRD) signed an agreement which provides EFSE with an additional funding of EUR 25 million. The new capital commitment can be drawn upon in EUR as well as in USD, adding flexibility to the ways in which EFSE can achieve its mission to foster economic development and prosperity in its target region. The Fund at present has total committed capital of EUR 948 million.
The agreement was signed on 14 November in London in the presence of Henry Russell, Director Financial Institutions at EBRD, Monika Beck, Chairperson of the Board of EFSE, and Peter Reiniger, Member of the Board of EFSE.