Release date: 23 March 2004
Promoter – Financial Intermediary
The National Bank of Serbia will act as an agent for onlending through selected financial intermediaries.Description
Line of credit for the financing of projects of SMEs and, possibly, small infrastructure projects at Municipality level.
Objectives
Financing of sustainable capital investments of small and medium sized enterprises and local authorities, thereby enhancing the prospects for economic growth and employment in Serbia and Montenegro.
Comments
Global Loan covering all of the productive sectors of the economy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
The Bank’s loan would finance up to 50% of the costs of all subprojects.
Environmental aspects
All investments financed under the proposed loan will be required to comply with the relevant legal framework in Serbia and Montenegro and to be acceptable in environmental terms to the Bank.
Procurement
The standard EIB procurement rules applicable to global loan operations will pertain.
Status
Signed - 11/06/2004