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Signature(s)

Amount
€ 121,000,000
Countries
Sector(s)
Cameroon : € 27,000,000
Credit lines : € 121,000,000
Signature date(s)
24/11/2021 : € 1,250,000
24/11/2021 : € 3,750,000
15/12/2021 : € 5,000,000
3/12/2021 : € 12,000,000
4/05/2022 : € 15,000,000
18/12/2020 : € 20,000,000
23/11/2021 : € 64,000,000

Summary sheet

Release date
17 April 2020
Status
Reference
Signed | 18/12/2020
20190614
Project name
Promoter - financial intermediary
W AND C AFRICA COVID19 RAPID RESPONSE FACILITY
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Description
Objectives

The project consists in a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular on small and medium sized enterprises (SMEs).

The main objective is to support on-lending by financial intermediaries to private sector projects in the West and Central Africa region (excluding Nigeria) carried out by private sector companies, in particular SMEs.

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.

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).

News & Stories

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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.

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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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