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TIRANA, Oct. 30 – The Enterprise Development and Innovation Facility (EDIF), a joint project of the European Commission, the EIB and the EBRD, will raise over 140 million Euros of capital to benefit access to finance for SMEs through equity funds for innovative and high growth SMEs (IHGSMEs) as well as credit guarantees for SME credit. The OECD Investment Compact is assisting the EDIF project partners in identifying these reforms prior to the project launching foreseen for December 2012. The project was introduced on Tuesday by deputy Economy Minister Enno Bozdo.
