Signature(s)
Amount
€ 77,500,000
Sector(s)
Credit lines
: € 77,500,000
Signature date(s)
30/06/2022 : € 3,350,000
1/03/2022 : € 3,350,000
30/06/2022 : € 6,650,000
1/03/2022 : € 6,650,000
24/11/2021 : € 12,227,500
23/11/2021 : € 21,000,000
24/11/2021 : € 24,272,500
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Summary sheet
Release date
17 April 2020
Status
Reference
Signed | 23/11/2021
20200236
Project name
Promoter - financial intermediary
SOUTHERN AFRICA COVID19 RAPID RESPONSE FACILITY
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists in a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular small and medium sized enterprises (SMEs).
The main objective is to support on-lending by financial intermediaries to projects carried out by private sector companies, in particular SMEs, in the Southern Africa and Indian Ocean regions (excluding South Africa).
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.
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Summary sheet
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News & Stories
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