The Board of Directors of the European Bank for reconstruction and development (EBRD) approved the increase of the solidarity package for the year 2020 for existing customers of the Bank for EUR3 billion to EUR4 billion, said senior adviser for external relations EBRD Anton Usov.

“Today, the Board of Directors approved the increase of the solidarity package of assistance in the current year to EUR3 billion to EUR4 billion for existing clients of the Bank in the current year,” – said Usov following the meeting of the Board of Directors of the Bank on Thursday.

Funds will be used for working capital, maintenance of liquidity, trade Finance, debt restructuring, he added.

The money will go according to the simplified procedure will be available soon.

“For small businesses program provides direct financing or through partner banks,” said Anton Usov.

In order to avoid currency risks, the emphasis will be on lending in local currency, said the EBRD.

In addition, will be extended service consulting support on more favorable than the previous conditions, shows the decision of the Board of Directors of the Bank.

Total liabilities the Bank is ready to take 2020-2021 years for all countries amounted to EUR21 billion.

Since some industries – like transport, tourism, services – suffered more than others, they will be given special attention, he added a Mustache.