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Credit Line for ProCredit Georgia

Published: July 11, 2012; 18:53 · (Vindobona)

In 2008, only a few month after the conflict with Russia, Austrian OeEB and German KfW signed a credit line for the ProCredit Georgia. The evaluaction confirms the path, OeEB says.

Credit Line for ProCredit Georgia / Picture: ©

The total sum of the credit line amounts to USD 47.5 million, of which 49.75 % were assigned by OeEB. The evaluation now confirms OeEB the desired effects has been achieved.

OeEB and KfW jointly commissioned a review by an independent expert to assess whether the credit line, of which a total of USD 20 Mio was disbursed, is the right tool for supporting micro-, small- and medium…

This article includes a total of 224 words.

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