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    Reference: 20160519
    Release date: 5 August 2016

    Promoter – Financial Intermediary

    INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSC

    Location

    Description

    Loans for financing small and medium-sized projects carried out primarily by SMEs, as well as final beneficiaries of any size and ownership, including local authorities.

    Objectives

    The loan is intended for financing small and medium-sized projects promoted by SMEs (within the Bank's usual eligibility criteria), as well as by local authorities and other public or private sector promoters in the field of environmental protection, energy savings, infrastructure, industry, services and tourism in Montenegro.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 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

    Signed - 20/03/2017

    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

    Montenegro Credit lines