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Summary sheet

Release date
28 August 2015
Status
Reference
Approved | 04/12/2015
20150430
Project name
Promoter - financial intermediary
ACP & OCT GLOBAL AUTHORISATION VII
Not applicable
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 143 million
not applicable
Description
Objectives

Loan facility to fund smaller-scale operations either directly or indirectly through debt, guarantees, quasi-equity or equity participations/private equity funds under investment facility (IF) resources and own resources (OR).

Financing of smaller-scale projects carried out by various counterparts including for instance financial institutions/banks, corporates (including small and medium-sized enterprises), public entities, sovereigns and special purpose vehicles. The project will be in accordance with the objectives set out for the Cotonou Agreement, to help reduce poverty in the ACP/OCT states by contributing to sustained economic growth and in particular by way of its focus on private sector. The project will enable the Bank to intervene in some of the smaller ACP/OCT economies that normally generate smaller financing opportunities and to support access to long-term financing across a wide range of sectors.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

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Link to source

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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