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    Reference: 20180323
    Release date: 6 July 2018

    Promoter – Financial Intermediary

    FEDERATED STATES OF MICRONESIA DEVELOPMENT BANK

    Location

    Description

    The project consists of a credit facility to the Federated States of Micronesia Development Bank (FSMDB) to on-lend primarily to small and medium-sized enterprises (SMEs) with the aim to contribute to private sector development in Micronesia.

    Objectives

    This credit facility will improve competitiveness and access to finance at favourable conditions for SMEs in Micronesia.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    USD 5 million (EUR 4 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

    Signed - 17/12/2018

    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

    Micronesia Credit lines