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    Reference: 20190019
    Release date: 1 October 2019

    Promoter – Financial Intermediary

    JSC BANK OF GEORGIA

    Location

    Description

    The project consists of a loan dedicated to finance eligible local SMEs and Mid-Caps through Bank of Georgia.

    Objectives

    The project will enhance access to finance to the target beneficiaries and support local private sector development.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank of Georgia financing will comply with national legislation and the ElB's Environmental and Social Standards.

    Procurement

    The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 17/12/2019

    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

    Georgia Credit lines