Release date: 28 January 2020
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUND
The project covers the implementation of the Impact Finance Envelope (Building Block 3b) of the Economic Resilience Initiative (ERI).
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.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 600 million
Underlying operations will comply with standard EIB environmental requirements.
Underlying operations will comply with standard EIB procurement requirements.
Approved - 12/06/2018
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).