Release date: 10 November 2009
Promoter – Financial Intermediary
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
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.
Sector(s)
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 - 9/07/2010
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).