Release date: 5 August 2016
Promoter – Financial Intermediary
INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSCLocation
Description
Loans for financing small and medium-sized projects carried out primarily by SMEs, as well as final beneficiaries of any size and ownership, including local authorities.
Objectives
The loan is intended for financing small and medium-sized projects promoted by SMEs (within the Bank's usual eligibility criteria), as well as by local authorities and other public or private sector promoters in the field of environmental protection, energy savings, infrastructure, industry, services and tourism in Montenegro.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/03/2017
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).