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    Summary sheet

    Release date
    13 August 2021
    Status
    Reference
    Approved | 19/10/2021
    20200728
    Project name
    Promoter - financial intermediary
    ECOBANK (ETI) COVID-19 GUARANTEE FACILITY
    ECOBANK TRANSNATIONAL INC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 94 million
    Location
    Sector(s)
    Description
    Objectives

    This facility provides a partial portfolio guarantee to the financial intermediary Ecobank Transnational Incorporated (ETI) in order to support financing eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) in several sub-Saharan countries, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden due to the COVID-19 outbreak in the region.

    The primary objective of the operation is to enhance access to finance for small and medium-sized enterprises (SMEs) and enable improved terms and conditions like reduced collateral requirements and/or lower financing costs.

    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
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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