Development banks back affordable mortgages in Serbia

Fewer than seven percent of adults in emerging economies have access to housing finance, according to the International Finance Corporation.

The European Fund for Southeast Europe (EFSE) has extended a €20 million ($21.4 million) line of credit to UniCredit Bank to drive mortgage lending in Serbia.

EFSE is backed by German development bank KfW and a roster of European donors and development finance institutions.

Photo credit: UNHCR Serbia

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