Glossary

The Enterprise Expansion Fund (ENEF), one of two equity funds active under WB EDIF. ENEF focuses on expansion investing.

The Enterprise Innovation Fund, one of two equity funds active under WBEDIF. ENIF focuses on early stage and seed investments.

The Platform Advisory Group; acting as strategic steering committee of  WB EDIF and comprising members from the EC, EIF, EIB, EBRD, World Bank, OECD, KfW DEG, OeEB as well as representatives from the seven Western Balkans economies involved and contributing to WB EDIF.

Small and medium-sized enterprises (SMEs) are defined in the EU recommendation 2003/361.

The Western Balkans Enterprise Development & Innovation Facility (WB EDIF), funded by the EU, aims at improving access to finance for small and medium-sized enterprises (SMEs) in the Western Balkans

The Western Balkans Investment Framework is a joint initiative of the EU, International Financial institutions, bilateral donors, and the governments of the Western Balkans in support of the socio-economic development and EU accession across the Western Balkans through the provision of finance and technical assistance for strategic investments, particularly in infrastructure, energy efficiency, and private sector development. WBEDIF was developed via the WBIF in 2012.