EIB directs support to women and SMEs in Africa

EIB looks to help the most vulnerable and to encourage banks to take on more risk as it unveils a €5.2 billion package for non-EU countries.

Source: EIB

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Female-run businesses in Africa may be hardest hit by coronavirus, which is why the European response needs to focus on initiatives to help them, the European Investment Bank says, and it must tailor emergency packages to assist small and medium-sized enterprises and micro-financing institutions.

The bank is part of ‘Team Europe,’ a joint effort between the European Commission, the EBRD, member states and other development agencies, to provide support for countries struggling with the Covid-19 pandemic.

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