BAKU, Azerbaijan, Dec.10
By Tamilla Mammadova – Trend:
Thanks to the ability of Georgian micro, small and medium-sized enterprises (MSMEs) to create jobs and to improve access to essential goods and services, MSMEs are fundamental to development, the leading European Development Finance Institution (Groupe Agence Française de Développement) told Trend.
"It is essential that they are given access to funding and technical expertise to grow and deploy their full potential. That is why Proparco and its mother company AFD have made supporting MSMEs a priority," the Proparco noted.
Together with AFD, Proparco brings a wide range of financing and business advisory solutions, the source said.
"To best answer the needs of MSMEs and be able to reach thousands of them, we work with local financial institutions, banks, and microfinance institutions. Their expertise, network, and staff make them very precious allies in our mission," the Proparco noted.
Proparco has been working for 40 years to promote sustainable economic, social, and environmental development. Proparco participates in financing and supporting companies and financial institutions in Africa, Asia, Latin America, and the Middle East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health, education. It finances companies whose activities contribute to creating jobs and decent incomes, the provision of essential goods and services, and the fight against climate change.
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