At the height of the global financial crisis, in February 2009, three IFIs – the EBRD, the EIB Group, and the World Bank Group (IBRD, IFC, MIGA) – decided to deliver a uniquely coordinated and targeted financial assistance to crisis-hit Central and Eastern Europe and Central Asia. They launched the Joint IFI Action Plan, committing to deliver assistance of up to € 24.5 billion in 2009-2010 to support banking sector stability and lending to the real economy in that region.
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