The Investment and Development Bank will launch a portfolio guarantee instrument for SMEs, mobilizing 8.8 billion lei

The Minister of Finance, Alexandru Nazare, announced that the program will support approximately 26,000 companies through market-generated financing, with the participation of 13 commercial banks and 4 non-banking financial institutions (NBFI). This program, which will start in December, will not have a direct impact on the deficit but will stimulate economic growth. Nazare emphasized the importance of this program as a first step in reviving the economy, complemented by other funds of 300 million euros for regional investments. The portfolio guarantee will cover up to 70% of the financing value for SMEs, increasing to 80% for businesses owned by women or involved in innovative projects.