Georgian central bank launches liquidity support for SMEs

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The National Bank of Georgia has launched a new credit facility that will increase support for small and medium-sized enterprises (SMEs) in response to the Covid-19 crisis.

In a statement published on June 1, the central bank announced it had been providing liquidity to banks and microfinance organisation through existing mechanisms and a new short-term swap tool.

However, there is now cause to implement additional measures, the central bank said. Commercial banks will now be able to access

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