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        EFSE II

        Signature(s)

        Amount
        € 30,000,000
        Countries
        Sector(s)
        Albania : € 779,100
        North Macedonia : € 2,337,600
        Montenegro : € 4,675,200
        Serbia : € 10,212,300
        Bosnia and Herzegovina : € 11,995,800
        Services : € 30,000,000
        Signature date(s)
        9/07/2010 : € 779,100
        9/07/2010 : € 2,337,600
        9/07/2010 : € 4,675,200
        9/07/2010 : € 10,212,300
        9/07/2010 : € 11,995,800

        Summary sheet

        Release date
        10 November 2009
        Status
        Reference
        Signed | 09/07/2010
        20090587
        Project name
        Promoter - financial intermediary
        EFSE II

        European Fund for South East Europe
        SA, SICAV-SIF
        c/o Citibank International
        Atrium Business Park
        31 za Bourmicht
        L-8070 Bertrange
        Grand Duchy of Luxembourg

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 30 million
        At the end of first semester 2009, total investor commitments amounted to EUR 640 million
        Location
        Sector(s)
        Description
        Objectives

        Investement in the A senior tranche of EFSE.

        EFSE aims to complement financial support provided by the local financial sector and by the development finance institutions active in the region through the sustainable provision of additional finance to micro, small and medium size enterprises.

        Environmental aspects
        Procurement

        Environmental covenants already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar environmental procedures to the EIB, will be inserted in the Bank’s legal documentation.

        Procurement procedures already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar procurement rules to the EIB, will be inserted in the Bank’s legal documentation.

        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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