You are here

Western Balkans Private Equity Investment Readiness

03/10/2019

The learning event "Western Balkans Private Equity Investment Readiness - Financial management support to MSMEs for access to private equity finance" was organized by the World Bank Centre for Financial Reporting Reform organized in cooperation with the Chamber of Economy of Montenegro.

Banks represent the main source of financial equity for micro, small and medium enterprises in the region. Private equity markets in the Western Balkans in the early stages of development and current investment opportunities are limited. However, this may change over time, because private equity funds seek to increase their portfolios and expand geographic coverage. Therefore, it is important for SMEs, which are looking for partners with equity, to have the opportunity to rely on service providers that can adequately help them prepare for investment.

The introductory remarks were delivered by the Vice President of the Chamber Danilo Gvozdenović and a senior specialist in financial management of the World Bank John Hodge. This was followed by an engaging panel discussion and informative learning sessions about how MSME financial management service providers/staff can support their clients/employers to become ready to access private equity investment.

The event was organized within the “Strengthening Financial Reporting and Information for MSMEs in the Western Balkans” project, which is an EU funded project under the REPARIS (Road to Europe-Program of Accounting Reform and Institutional Strengthening) initiative.

The similar event was organized in Tirana, Banja Luka and Sarajevo, Pristina, Skopje and Belgrade.