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Supporting Albanian Small and Medium Enterprises During the Pandemic

In June 2020, MIGA supported the growth of Albanian small and medium enterprises (SMEs) by extending €47.5 million in guarantees to Alpha Bank Albania (ABA) through its COVID-19 Response Program.

SMEs are a key growth enabler and the most important source of employment for Albania. MIGA’s guarantee will significantly bolster ABA’s ability to continue to provide credit to its customers—including SMEs—at a time of increased stress and uncertainty.