Reference: 20190020
Release date: 4 November 2019

Promoter – Financial Intermediary

JSC LIBERTY BANK,ACCEPTABLE BANK(S)

Location

Description

Loan for small and medium-sized enterprises (SMEs) in Georgia via smaller intermediary banks

Objectives

This project will support local private sector development, in particular small and medium-sized enterprises.

Sector(s)

Under ELM Guarantee

This operation is covered by the ELM Political Risk Guarantee.

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

not applicable

Environmental aspects

The Bank 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 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