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BPI MADAGASCAR SME FUND

Signature(s)

Amount
€ 2,000,000
Countries
Sector(s)
Madagascar : € 2,000,000
Services : € 2,000,000
Signature date(s)
14/02/2006 : € 2,000,000
Link to source
Data sheet
BPI MADAGASCAR SME FUND
Other links
Summary sheet
BPI Madagascar SME Fund

Summary sheet

Release date
15 December 2005
Status
Reference
Signed | 13/02/2006
20050310
Project name
Promoter - financial intermediary
BPI Madagascar SME Fund
Business Partners International (Pty) Ltd (BPI)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approx EUR 2 million
Approx EUR 8.5 million
Location
Sector(s)
Description
Objectives

Investment in a fund aimed at providing equity and quasi-equity finance to SMEs in Madagascar. The fund, initiated by IFC and the Republic of South Africa SME financier, Business Partners, will complement its funding with business advisory services.

The proposed operation offers an innovative and flexible range of risk bearing instruments to small entrepreneurs and will thus support the creation of jobs and help to improve the general economic outlook in Madagascar.

Environmental aspects
Procurement

Investments will comply with the environmental guidelines of the international funding institutions involved.

In accordance with standard EIB procedures for investment funds.

Comments

Financial Intermediation

Link to source
Summary sheet
BPI Madagascar SME Fund
Other links
Data sheet
BPI MADAGASCAR SME FUND

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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