Summary sheet
- Credit lines - Credit lines
The project supports Timor Leste's transition towards a more diversified and resilient private sector led economy by financing sustainable agriculture and the blue economy, the two key sectors for inclusive growth in this small island developing state. This operation will target underserved rural populations, farmers, small traders and micro-enterprises, addressing a critical structural gap in access to finance and supporting livelihoods, food security and economic diversification.
The aim is to enhance access to finance for the final beneficiaries. Climate resilience and women's economic empowerment are embedded as cross-cutting priorities, recognising both the country's high vulnerability to climate change and the structural barriers that women face in accessing economic opportunities.
The operation falls within the scope of the EIB's Environmental and Social Standards, in particular Standard 11: Intermediated Finance. The Borrower/Financial Intermediary has adequate capacity, systems and processes in place to identify, assess, manage and monitor the environmental, climate and social risks associated with the potential sub-projects benefiting from EIB support. The final beneficiaries will be required to comply, as appropriate, with applicable national requirements and the EIB's Environmental and Social Standards in relation to environmental and social matters.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Under EFSD+ Guarantee