Reference:
20180101
Release date: 18 April 2018
Release date: 18 April 2018
Promoter – Financial Intermediary
INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSCLocation
Description
The project consists of a loan to finance small and medium-sized investments carried out by small and medium-sized enterprises (SMEs) and mid-caps as well as eligible projects promoted by local authorities or final beneficiaries of any size and ownership.
Objectives
This loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 150 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 - 4/07/2018