In the wake of the crisis, the capacity of many banks to lend to relatively high-risk sectors such as SMEs and young, innovative firms is seriously impaired by capital constraints and a strong deterioration in the quality of the assets on their balance sheets. Looking forward, it is vital that...

This study was prepared for the European Investment Bank (EIB). The objective of the study is to assess the financing needs of SMEs in Russia and identify the market failures. In addition to senior debt, which is the main instrument currently available to the EIB in Russia, the study also...

This study was commissioned by the EIB with funding from the Eastern Partnership Technical Assistance Trust Fund, EPTATF. The study assesses the financing needs of the SMEs in the Eastern Partnership countries and the market failures that are constraining the development of the SME sector. In...