OeEB’s investment was announced during the meeting of the world’s largest International Finance Institutions (IFIs) and Development Finance Institutions (DFIs) in Vienna on 12 March 2009. The corresponding contract was signed on 4 May 2009, and led to the immediate start of the fund’s lending activities.
Microfinance Enhancement Facility
The USD 500 million fund aims at boosting the pool of refinancing available to the microfinance industry. Together with the two founders IFC and KfW, OeEB was the first institution to subscribe to the fund. The investment is in line with OeEB’s focus on strengthening microfinance institutions. The starting volume of MEF amounts to USD 51.8 million. The funds will be used to support microfinance institutions in South East Europe, Central Asia, Africa and Central and Latin America.
Notice
This text is only intended to inform about the described investment by OeEB and does in particular not constitute a public offer for the acquisition of securities. OeEB will not make a public offer or a public placement, especially not to US persons.