Multilateral Development Banks and Their Role in Supporting European SMEs during the Current Financial Crisis

Sorin Gabriel Anton ()
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Sorin Gabriel Anton: “Al. I. Cuza” University of Iasi

Acta Universitatis Danubius. OEconomica, 2013, issue 9(6), 82-88

Abstract: The impact of the ongoing financial crisis on the availability of finance to small and medium-sized enterprises (SMEs) represents an important topic nowadays. The access to finance for SMEs is a major barrier for their growth, especially during severe conditions such as the global financial crisis. Financing the SMEs represents a priority for the most of the multilateral development banks. The aim of the paper is to analyze the activity of European multilateral development banks - European Investment Bank Group and European Bank for Reconstruction and Development - in the support of SMEs. We found that SMEs financing increased during the period 2008-2011 and the international financial institutions took several measures in order to improve the SMEs access to finance.

Keywords: multilateral development banks; small and medium-sized enterprises (SMEs); firms’ financing; financial crisis; financial constraint (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2013:i:6:p:82-88

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