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The project concerns of a loan operation enhancing access to finance to small and medium sized enterprises (SMEs) in Belarus.
The purpose is to make resources available to finance small/medium projects carried out by SMEs in Belarus.
The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Belarusbank financing will comply with national legislation and the ElB's Environmental and Social Standards.
The EIB will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects receiving Belarusbank financing are in line with EIB Guide to Procurement.
This operation is covered by the ELM Guarantee.