Summary sheet
A new product aiming partially to finance master studies in the EU under the European Commission´s Erasmus programme.
This project concerns a student loan operation promoted by MicroBank in Spain, supporting the first transaction under the new mandate Erasmus Student Loan Guarantee given by the European Investment Fund.
The project does not comprise any tangible investment. In the light of this and of its immaterial nature, the project does not fall under any of the annexes of Directive 2011/92/EU and therefore does not need an environmental impact assessment.
The Bank will require the promoter to ensure that contracts for implementation of the project (if any) have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
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