As of today, the NBS has undertaken several measures in order to limit the impact of the crisis on the banking sector, which include securing additional support from the international finance institutions such as KfW, the European Investment Bank – EIB and the European Bank for Reconstruction and Development – EBRD.
Time is critical for all parties and help from international finance institutions including from vehicles such as EFSE is needed more than ever to: mitigate the impact of the crisis in the region, resolve the prevailing credit crunch and, more importantly, to secure the stability of the financial sector.