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        SME RECONSTRUCTION FACILITY

        Signature(s)

        Amount
        € 100,000,000
        Countries
        Sector(s)
        Lebanon : € 100,000,000
        Credit lines : € 100,000,000
        Signature date(s)
        29/11/2007 : € 100,000,000

        Summary sheet

        Release date
        5 December 2006
        Status
        Reference
        Signed | 29/11/2007
        20060417
        Project name
        Promoter - financial intermediary
        SME Reconstruction Facility
        Banque du Liban
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 100 million.
        Estimated at least at EUR 200 million.
        Location
        Sector(s)
        Description
        Objectives

        The proposed facility consists of an Apex Global Loan open to Lebanese Banks selected by EIB and aimed at co-financing private sectors investments in support of SMEs affected by the recent conflict.

        Lebanese SMEs have been seriously affected by the recent conflict and need access to tailored credit facilities; (longer maturities and grace periods - lower interest rates). The proposed financing will provide a sustainable means of support for the backbone of private sector business in the country.

        Environmental aspects
        Procurement

        All investments financed from the resources made available by the Bank through global loan operations are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

        The Bank’s standard procurement guidelines to Global loans will apply.

        Comments

        Multi-sector.

        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).

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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