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    Signature(s)

    Amount
    € 121,000,000
    Countries
    Sector(s)
    Regional - Central Africa : € 21,250,000
    Cameroon : € 27,000,000
    Regional - West Africa : € 72,750,000
    Credit lines : € 121,000,000
    Signature date(s)
    24/11/2021 : € 1,250,000
    24/11/2021 : € 3,750,000
    15/12/2021 : € 5,000,000
    3/12/2021 : € 12,000,000
    4/05/2022 : € 15,000,000
    18/12/2020 : € 20,000,000
    23/11/2021 : € 64,000,000

    Summary sheet

    Release date
    17 April 2020
    Status
    Reference
    Signed | 18/12/2020
    20190614
    Project name
    Promoter - financial intermediary
    W AND C AFRICA COVID19 RAPID RESPONSE FACILITY
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    not applicable
    Description
    Objectives

    The project consists in a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular on small and medium sized enterprises (SMEs).

    The main objective is to support on-lending by financial intermediaries to private sector projects in the West and Central Africa region (excluding Nigeria) carried out by private sector companies, in particular SMEs.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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