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FSMDB SME FOCUSED FACILITY

Signature(s)

Amount
€ 4,408,782.29
Countries
Sector(s)
Micronesia : € 4,408,782.29
Credit lines : € 4,408,782.29
Signature date(s)
17/12/2018 : € 4,408,782.29
Link to source
Data sheet
FSMDB SME FOCUSED FACILITY
Other links
Summary sheet
FSMDB SME FOCUSED FACILITY
Parent project
ACP & OCT GLOBAL AUTHORISATION VII

Summary sheet

Release date
6 July 2018
Status
Reference
Signed | 17/12/2018
20180323
Project name
Promoter - financial intermediary
FSMDB SME FOCUSED FACILITY
FEDERATED STATES OF MICRONESIA DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 5 million (EUR 4 million)
Not applicable.
Location
Sector(s)
Description
Objectives

The project consists of a credit facility to the Federated States of Micronesia Development Bank (FSMDB) to on-lend primarily to small and medium-sized enterprises (SMEs) with the aim to contribute to private sector development in Micronesia.

This credit facility will improve competitiveness and access to finance at favourable conditions for SMEs in Micronesia.

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.

Related projects
Parent project
ACP & OCT GLOBAL AUTHORISATION VII
Link to source
Summary sheet
FSMDB SME FOCUSED FACILITY
Other links
Data sheet
FSMDB SME FOCUSED FACILITY

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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