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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