Euro Banks Launch $135M Balkan Infrastructure Fund

Law360, New York (November 1, 2013, 4:49 PM EDT) -- The European Bank for Reconstruction and Development and German development bank KfW Group on Friday launched a new fund with a target of €100 million ($135 million) for developing municipal infrastructure in the Western Balkan countries.

EBRD is pitching €40 million into the Municipal Infrastructure Development Facility, which will cooperate with local banks in Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia to enhance credit and provide liquidity. They also will encourage lending for infrastructure projects and assist with municipal credit risk. The governments of Germany...
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