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    Signature(s)

    Amount
    € 123,334,977.8
    Countries
    Sector(s)
    Mexico : € 123,334,977.8
    Credit lines : € 123,334,977.8
    Signature date(s)
    14/12/2020 : € 123,334,977.8
    Link to source

    Summary sheet

    Release date
    20 May 2020
    Status
    Reference
    Signed | 14/12/2020
    20200316
    Project name
    Promoter - financial intermediary
    NAFIN SMES SUPPORT COVID-19 RESPONSE
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 150 million (EUR 132 million)
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a credit line to NAFIN to boost access to finance for the micro, small and medium sized enterprises in Mexico affected by the Covid-19 outbreak.

    The aim is to finance small/medium projects carried out by the target group of beneficiaries in Mexico.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.

    Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Guide to Procurement, as appropriate.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Link to source

    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

    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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