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    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