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    Reference: 20170882
    Release date: 28 September 2018

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The framework credit line of up to EUR 60 million will make finance available to micro and small and medium-sized enterprises (SMEs) through selected financial intermediaries across African, Caribbean and Pacific (ACP) countries.

    Objectives

    The project aims at contributing to bridge the financial services gap for SMEs and local authorities in ACP countries by encouraging local banks to expand their lending activities to this business segment. The Facility will also support job creation and promote more inclusive and balanced economic growth in the ACP countries.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 65 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements, in particular on environment and procurement.

    Procurement

    Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements.

    Status

    Signed - 19/11/2019

    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

    Africa, Caribbean and Pacific Credit lines