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    Reference: 20150430
    Release date: 28 August 2015

    Promoter – Financial Intermediary

    Not applicable

    Location

    Description

    Loan facility to fund smaller-scale operations either directly or indirectly through debt, guarantees, quasi-equity or equity participations/private equity funds under investment facility (IF) resources and own resources (OR).

    Objectives

    Financing of smaller-scale projects carried out by various counterparts including for instance financial institutions/banks, corporates (including small and medium-sized enterprises), public entities, sovereigns and special purpose vehicles. The project will be in accordance with the objectives set out for the Cotonou Agreement, to help reduce poverty in the ACP/OCT states by contributing to sustained economic growth and in particular by way of its focus on private sector. The project will enable the Bank to intervene in some of the smaller ACP/OCT economies that normally generate smaller financing opportunities and to support access to long-term financing across a wide range of sectors.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 105 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 4/12/2015

    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).

    Related tags

    ACP States OCT Seychelles Credit lines