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This facility provides a partial portfolio guarantee to the financial intermediary Atlantic Business International (ABI) and its banking subsidiaries in order to support financing eligible small and medium-sized investments undertaken by SMEs in several countries in West Africa, thereby contributing to economic resilience, employment generating activities and alleviating the economic burden due to the COVID-19 outbreak in the region.
The primary objective of the operation is to enhance access to finance for small and medium-sized enterprises (SMEs) and enable improved terms and conditions like reduced collateral requirements and/or lower financing costs.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.