The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting one of the sectors described below, undertaken by private enterprises.
Objectives
Private enterprises contribute heavily to the economic growth in Lebanon. Supporting them and the development of local financial markets are priority activities under the ENP-MED Mandate. The proposed line of credit will improve the availability of long-term funding to a spectrum of final beneficiaries in a number of eligible sectors.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
EUR 52 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
All investments financed from the resources made available by the Bank through credit line operations are required to comply with the relevant national legal framework and be acceptable to the Bank, in environmental terms in line, as appropriate, with EU environmental policy and legislation.
Procurement
The Bank’s standard procurement guidelines for Global Loans will be applied.
Status
Signed
-
19/12/2008.
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).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
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.
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.
