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    Reference: 20180226
    Release date: 28 January 2020

    Promoter – Financial Intermediary

    SPECIAL PURPOSE ENTITY(IES)/FUND

    Location

    Description

    The project covers the implementation of the Impact Finance Envelope (Building Block 3b) of the Economic Resilience Initiative (ERI).

    Objectives

    The operation aims at improving the long-term economic resilience of host and transit communities in the Southern Neighbourhood. It will contribute to a more sustainable, inclusive economic growth and jobs creation through private sector development, primarily supporting the growth of small and medium enterprises in the region.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 600 million

    Environmental aspects

    Underlying operations will comply with standard EIB environmental requirements.

    Procurement

    Underlying operations will comply with standard EIB procurement requirements.

    Status

    Approved - 12/06/2018

    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

    Mediterranean Countries Services