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    Summary sheet

    Release date
    28 January 2020
    Status
    Reference
    Approved | 12/06/2018
    20180226
    Project name
    Promoter - financial intermediary
    ERI RISK CAPITAL FACILITY
    SPECIAL PURPOSE ENTITY(IES)/FUND
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 600 million
    Location
    Sector(s)
    Description
    Objectives

    The project covers the implementation of the Impact Finance Envelope (Building Block 3b) of the Economic Resilience Initiative (ERI).

    The operation aims at improving the long-term economic resilience of host and transit communities in the Southern Neighbourhood. It will contribute to a more sustainable, inclusive economic growth and jobs creation through private sector development, primarily supporting the growth of small and medium enterprises in the region.

    Environmental aspects
    Procurement

    Underlying operations will comply with standard EIB environmental requirements.

    Underlying operations will comply with standard EIB procurement requirements.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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 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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