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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

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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.

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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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