A Partial Credit Guarantee : Enhancing Access to Credit Markets during Constrained Times

Zaman Khan, Isfandyar

International Finance Corporation, Washington, DC

关键词: ACCESS TO CREDIT;    ACCESS TO FINANCE;    ADVISORY SERVICES;    AMOUNT OF LOANS;    BANKING MARKET;   

RP-ID  :  93971

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

To Croatia, the ripples of the Europeanfinancial crisis felt more like large waves! The challengingmarket conditions limited the ability of the Croatian Bankfor Reconstruction and Development (HBOR) to raise fundsefficiently without credit enhancement. This in turn impededa steady flow of credit to the private sector, which wasnecessary to enhance competitiveness ahead of Croatia sentry to the European Union in July 2013. In response to arequest from the Croatian government, the World Bank decidedthat a Partial Credit Guarantee (PCG) would be the idealinstrument to assist HBOR.