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Reference: 20090034
Release date: 17 February 2009

Promoter – Financial Intermediary

Intermediaries under this operation will be chosen by the Government of Montenegro according to their eligibility criteria and the Bank’s usual selection criteria, among Montenegrin banks.

Location

Description

Credit line for financing of limited scale projects of small and medium enterprises and of public sector authorities and entities of any size for investments in the fields of the knowledge economy, energy and environmental protection and tourism.

Objectives

Make available access to long-term funds at affordable interest rates to important sectors of economy.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 100 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The intermediaries will be requested to ensure compliance of the sub-projects with relevant national and EU environmental laws, as appropriate.

Procurement

The intermediaries will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as may be appropriate.

Status

Signed - 24/07/2009

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).

Related tags

Montenegro Credit lines