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EBRD Supports Raiffeisenbank Bulgaria Water Utility Investment Plan


Raiffeisenbank Bulgaria said on Thursday that it the European Bank for Reconstruction and Development (EBRD) is providing a 40 million euro ($46.9 million) loan guarantee to enable the bank to improve access to financing of local water utility companies. The project's main objective is to facilitate the structuring of long-term bank loans to fund the investment programmes of regional water operators.