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    Reference: 20170546
    Release date: 5 October 2017

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES), PUBLIC ENTITY(IES)

    Location

    Description

    Financing of smaller scale projects carried out by various counterparts, including financial institutions, banks, corporates (including small and medium-sized enterprises), public entities, sovereigns and special purpose vehicles. The operations will be financed either directly or indirectly through debt, guarantees, quasi-equity or equity participations / private equity funds, under the Cotonou Investment Facility resources and own resources.

    Objectives

    The project will be in accordance with the objectives set out for the Cotonou Agreement, to help reduce poverty in sub-Saharan Africa, the Caribbean and the Pacific and the Overseas Countries and Territories (ACP/OCT), by contributing to sustained economic growth, with a particular focus on the private sector. The project will enable the Bank to support smaller ACP/OCT economies, that normally generate smaller financing opportunities, and to facilitate access to long-term financing across a wide range of sectors.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 300 million

    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 - 27/02/2018

    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 Energy Credit lines