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Signature(s)

Amount
€ 50,000,000
Sector(s)
Credit lines : € 50,000,000
Signature date(s)
20/12/2019 : € 2,500,000
20/12/2019 : € 2,500,000
20/12/2019 : € 45,000,000
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Summary sheet

Release date
16 December 2019
Status
Reference
Signed | 20/12/2019
20190403
Project name
Promoter - financial intermediary
EDFI EUROPEAN FINANCING PARTNERS VI
ACCEPTABLE CORPORATE(S),ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

The project concerns a further contribution of up to EUR 50 million from the EIB Investment Facility into European Financing Partners (EFP). EFP is a joint venture between the EIB and several European Development Finance Institutions (EDFIs), is a co-financing vehicle established in 2003 aiming at promoting sustainable development of the private sector and strengthening co-operation between eligible EDFIs and the EIB.

EFP has the double objective of promoting sustainable private sector development in ACP countries through co-financing of individual debt, equity and/or guarantees operations and strengthening cooperation between the EIB and eligible EDFIs. Through EFP, the EIB expects to support projects in a variety sectors such as Financial Institutions, Telecom, Agriculture, Industry and others.

Environmental aspects
Procurement

All projects financed under the scheme must comply with applicable environmental and social standards and must meet the relevant standards.

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

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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 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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