SME GUARANTEE FACILITY
- Reference: 20110335
- Release date: 19 July 2012
ACCEPTABLE BANK(S)
The project is a regional multi-years risk sharing facility organised by IFC, EIB, AfD and OFID (the IFI partners). Several individual operations will be signed with local commercial banks under the Facility. Such operations will provide the banks selected under the Facility with a partial credit risk guarantee covering the losses incurred under their portfolios of eligible loans to SMEs to be set up according to eligible criteria. The project is a joint response to the Deauville Partnership which aims at fostering support to SMEs across the region following the Arab spring events.
The Facility will provide the banks with an effective risk management tool, thereby increasing their capacity to absorb the increased demand from SMEs in the region.By supporting the SME finance sector, the Facility aims to bridge the gap between financial services and small businesses and to contribute towards greater financial inclusion in the region. The overall objective of the project is job creation and sustainable growth in the region.
EUR 120 million
EUR 320 million
Within the framework of the Facility, the selected banks will be requested to ensure compliance of the operations with a harmonised set of policy requirements of all IFI partners, including EIB requirements, in particular on environment and procurement.
Within the framework of the Facility, the selected banks will be requested to ensure compliance of the operations with a harmonised set of policy requirements of all IFI partners, including EIB requirements, in particular on environment and procurement.
Approved - 18/09/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).
