The Kingdom of Spain through the Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has contributed up to EUR 100m to EIB for investment across the Southern Mediterranean region. The EIB will manage the funds on behalf of AECID and seek to invest these resources before the end of 2013 for risk capital activities to the private sector, in particular for the benefit of micro and SMEs. The objective is to make investments, directly or through private equity funds, throughout the region supporting job-creating projects and developing entrepreneurial culture. We would like to invite interested parties to submit eligible projects to the EIB.
EIB conditionally non-excludes OECI S.A. for 12 months to address a failure of disclosure
The Brazilian company OECI S.A. (part of Novonor Group) has received a 12-month conditional non-exclusion from EIB-financed projects due to its misconduct in failing to disclose certain information in connection with a project financed by the EIB.