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    Reference: 20180279
    Release date: 16 January 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The project consists of a framework envelope under the Economic Resilience Initiative (ERI) Building Block 3b for Microfinance of up to EUR 70m (100% Donor funded) to provide medium term funding in the form of senior debt in local currency to micro, small and medium sized enterprises (SMEs) through selected intermediaries in the Southern Neighbourhood and the Western Balkans.

    Objectives

    The operation will enable financing small/medium projects carried out by micro and SMEs in the Southern Neighbourhood and Western Balkans.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 70 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

    Approved - 18/09/2018

    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

    Albania Bosnia and Herzegovina Mediterranean Countries Serbia Credit lines