EFSE Launches “Power of Local Currency” Campaign in European Eastern Neighborhood Region

The European Fund for Southeast Europe (EFSE) has launched a multinational campaign to advance the practice of local currency financing in the European Eastern Neighborhood Region in order to drive sustainable economic growth. 

Through its “Power of Local Currency” campaign, EFSE is not only further increasing its local currency investments in partner lending institutions in the region – thus enabling these financial service providers to offer financing to micro and small enterprises and private households in local currency – the fund is also holding business roundtables, developing and disseminating informational videos and podcasts, conducting interviews, and implementing other measures to raise sector awareness of the importance of local currency financing, exchange best practices, and tackle practical challenges.