European Fund for South East Europe (EFSE)

The objective of the fund is to provide development finance in the South East European region, through the local financial sector, focusing on the needs of Micro and Small Enterprises.

Comments

Sector(s)

Services

Proposed EIB finance (Approximate amount)

Up to EUR 25 million.

Total cost (Approximate amount)

Around EUR 600 million.

Environmental aspects

To be in accordance with the relevant EU legislation.

Procurement

To be in accordance with the relevant EU legislation, including, where required, publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 30/11/2007.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Closed-end microfinance fund aimed at fostering economic development in South-East Europe through provision of loans to micro and small-sized enterprises and to private households

E-mail

General enquiries and comments

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Alternatively, EIB can also be contacted through its external offices.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.