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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Syrian Arab Republic : € 40,000,000
    Credit lines : € 40,000,000
    Signature date(s)
    10/09/2003 : € 40,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    30 May 2003
    Status
    Reference
    Signed | 10/09/2003
    20010691
    Project name
    Promoter - financial intermediary
    SME Fund

    Borrower: Ministry of Economy and Foreign Trade

    Final Beneficiary: Private sector SMEs

    Proposed EIB finance (Approximate amount)
    Up to EUR 40 million
    Description
    Objectives

    The proposed loan is aimed at the partial financing of long-term investments undertaken by private sector small and medium sized enterprises (SMEs) in all eligible sectors of the Syrian economy.

    The project’s objective would be to assist the development of Syria's private sector and encourage progress with market liberalisation and financial sector reform. The global loan would support private sector industrial activities and tourism while contributing to the development of term finance, an important element for the development of the financial system.

    Environmental aspects
    Procurement

    The promoter will be instructed on the Bank’s environmental requirements and requested to ensure compliance of the sub-projects with national and EU directives, as appropriate.

    The promoter will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.

    Comments

    Projects in various sectors

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Other links
    Data sheet
    Summary sheet

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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