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ČNB: Loan package will boost small business

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A plan by global development banks to back central and eastern Europe financially can help small business and aid the region through a crisis of confidence, a Czech central bank policymaker said on Friday. The World Bank, the EBRD and the EIB announced a USD 24.5 billion two-year plan to provide quick, large-scale financing to central and east European banks and ensure that companies get access to capital.

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