TA Consult signed an agreement with the European Bank for Reconstruction and Development (EBRD) for consulting services within the framework of EBRD 2.5 year project in Belarus: Belinvestbank Institution Building Programme – Strengthening Capacities for MSME Lending. The EBRD signed a Loan Agreement with Belinvestbank on 15 October 2015 for a EUR 20 million credit line to BIB for on-lending to micro, small and medium-sized enterprises (MSMEs). The MSME credit line to Belinvestbank will support expanding the scope and enhancing quality of products offered by Belinvestbank to private sector and thus improving Belarus small and medium private enterprise access to longer term finance through BIB’s nationwide network in presently challenging operating environment. The objective of the Consultant is to increase Belinvestbank’s efficiency and competitiveness in providing MSME loans in Minsk and 5 regions in Belarus on a sustainable basis including through identification of gaps, impediments and risks in the current MSME lending system and implementation of institutional capacity building measures. The MSME credit advisory services will allow not only to identify gaps in the key aspects of working with MSME but will introduce a systemic approach to MSME lending, help develop and improve the lending methodology, policies, processes, procedures and systems at BIB in MSME lending, improve its underwriting and problem loan workout policies and procedures, strengthen its staff’s skills in credit analysis, assessment of environmental and social risks, monitoring and problem loan workout.

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