Release date: 29 November 2012
Promoter – Financial Intermediary
THE EUROPEAN FUND FOR SOUTHEAST EUROPE SA SICAV-SIFLocation
Description
Investment in senior A tranche of European Fund for South East Europe (EFSE), which provides financing to micro and small scale enterprises, rural and housing loans through qualified financial intermediaries.
Objectives
EFSE aims to complement financial support provided by the local financial sector and by the development finance institutions active in the region through the sustainable provision of additional finance to micro and small enterprises.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 39 million (USD 50 million)
Total cost (Approximate amount)
EUR 851 million (USD 1100 million)
Environmental aspects
Environmental covenants already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar environmental procedures as the EIB, will be inserted in the Bank’s legal documentation.
Procurement
Procurement procedures already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar procurement rules as the EIB, will be inserted in the Bank’s legal documentation.
Status
Signed - 13/05/2013
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).