This paper examines the relationship between net trade credit and firms' investment levels, focusing on financially distressed firms. First, it introduces a theoretical model to predict the role played by net trade credit as a coordination device differentiating firms by their degree of...

The study assesses the macro-financial situation of Belarus. It analyses the Belarus financial sector, with a specific look at the banking sector. Moreover this study explores the private sector financing environment. In particular the study investigates the SMEs segment and looks at the needs...

This study, carried out under the InnovFin Advisory mandate, reviews the access-to-finance conditions for Innovative Transport and puts forth a set of recommendations to address the financial and non-financial challenges faced by the sector. Europe has always enjoyed a strong and highly...

The Financial Report presents the financial statements of the EIB, the EIB Group (under IFRS and EU Directives) along with the related explanatory annexes. The Financial Report presents the financial statements of the EIB, the EIB Group (under IFRS and EU Directives) along with the related...

The Financial Report presents the financial statements of the EIB, the EIB Group (under IFRS and EU Directives) along with the related explanatory annexes. The Financial Report presents the financial statements of the EIB, the EIB Group (under IFRS and EU Directives) along with the related...

The InnovFin - EU Finance for Innovators programme was launched in 2014 by the European Commission and the EIB Group, with the purpose to offer a new generation of financial instruments and advisory services to help innovative firms access finance more easily across Europe and beyond. This...

The Employment and Social Innovation (EaSI) programme aims at promoting social inclusion, combating poverty and improving working conditions in Europe. The microfinance and social entrepreneurship axis of the EaSI programme provides support to financial intermediaries that offer microloans to...