EIB MSME Local Currency Initiative

Project Duration
EUR 20.5M

Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia

Brief Description

The Project aims to increase the access to affordable local currency financing to MSMEs in order to enhance competitiveness and promote business expansion.

This would help provide medium- to long-term local currency funding for local businesses and micro-entrepreneurs to strengthen their market position and competitiveness, whilst mitigating their exposure to exchange rate volatility.

Main objectives of the project

Access to finance is currently a major challenge for SMEs, in particular those in the target countries. SMEs are the backbone of any healthy market economy, driving growth by creating jobs and promoting innovation and competitiveness.

This Programme aims to increase the local currency financing available to this crucial segment of the private sector in order to enhance general access to finance and, ultimately, stimulate exports, enhance competitiveness, and promote business expansion.


Employment & Entrepreneurship Sustainable Development