Montenegro, May 11 -- The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have today launched a new financing facility aimed at improving access to finance for micro, small and medium-sized enterprises (MSMEs) in Montenegro.The portfolio risk sharing (PRS) facility was launched at an event in Podgorica and forms part of the EBRD's broader efforts to support inclusive private-sector growth across the Western Balkans. It is co-funded by the EU through the European Fund for Sustainable Development Plus (EFSD+) guarantee programme.Under the facility, the EBRD will provide local financial institutions with an unfunded risk-sharing guarantee covering up to 50 per cent of the credit risk on new loans. By sharing...