At the European Bank for Reconstruction and Development (EBRD) we believe that creating the conditions for small businesses to thrive is fundamental for sustainable, inclusive economic growth.
A vibrant small and medium-sized enterprise sector is a vital ingredient for a healthy market economy, as they are responsible for large contributions to value added and employment. Small and medium-sized enterprises (SMEs) make up over 99% of the total number of businesses across the countries where we work.
SMEs also play an important role in the political economy, helping to promote and strengthen reforms. Economically, they have an inherent interest in promoting policies that favour a level playing field, while politically, a thriving SME sector empowers and grows a strong middle class, which can then serve as a constituency seeking democratic reform and sound economic governance.
Through our Small Business Initiative, we provide SMEs with access to financing and advice helping them to innovate, grow and reach their true potential. We have transformed the performance of thousands of small businesses and laid the foundations or smart, sustainable and inclusive growth in markets across our region. Results matter to us. Focusing on the right objectives, our projects achieve the best possible outcomes and we are confident that the results speak for themselves.