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The EBRD finances many small projects directly, especialy in the Early
Transition Countries. But to give entrepreneurs and small firms greater access
to finance, the EBRD also supports financial intermediaries, such as local
commercial banks, micro-business banks, equity funds and leasing facilities.
Investment criteria are consistent with EBRD policy, but financial
intermediaries make independent decisions about which small and medium
exterprises (SMEs) they fund.
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