European Fund for South East Europe
SA, SICAV-SIF
c/o Citibank International
Atrium Business Park
31 za Bourmicht
L-8070 Bertrange
Grand Duchy of Luxembourg
Location
Albania
Bosnia and Herzegovina
FYROM
Montenegro
Serbia
Description
Investement in the A senior tranche of EFSE.
Objectives
EFSE aims to complement financial support provided by the local financial sector and by the development finance institutions active in the region through the sustainable provision of additional finance to micro, small and medium size enterprises.
Comments
Sector(s)
Services
Proposed EIB finance (Approximate amount)
Up to EUR 30 million
Total cost (Approximate amount)
At the end of first semester 2009, total investor commitments amounted to EUR 640 million
Environmental aspects
Environmental covenants already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar environmental procedures to the EIB, will be inserted in the Bank’s legal documentation.
Procurement
Procurement procedures already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar procurement rules to the EIB, will be inserted in the Bank’s legal documentation.
Status
Signed
-
09/07/2010.
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.
