Acta Universitatis Danubius. Œconomica, Vol 9, No 6 (2013)

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

Sorin Gabriel Anton


The impact of the ongoing financial crisis on the availability offinance to small and medium-sized enterprises (SMEs) represents an importanttopic nowadays. The access to finance for SMEs is a major barrier for theirgrowth, especially during severe conditions such as the global financialcrisis. Financing the SMEs represents a priority for the most of the multilateraldevelopment banks. The aim of the paper is to analyze the activity of Europeanmultilateral development banks - European Investment Bank Group and EuropeanBank for Reconstruction and Development - in the support of SMEs. We found thatSMEs financing increased during the period 2008-2011 and the internationalfinancial institutions took several measures in order to improve the SMEsaccess to finance.  


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