Signature(s)
Summary sheet
- Credit lines - Credit lines
Blended loan facility to support access to finance and incentivize companies in Albania to innovate and invest in their green and digital transition.
The aim is to support Albania's private sector and convergence with the EU by addressing the sub-optimal financing situation of SMEs and Mid-Caps in the country as well as to incentivise their investments in innovation, digitalization, climate action and environmental sustainability.
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EIB E&S standards in respect of environmental and social matters, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.