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    Reference: 20190403
    Release date: 16 December 2019

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S),ACCEPTABLE BANK(S)

    Location

    Description

    The project concerns a further contribution of up to EUR 50 million from the EIB Investment Facility into European Financing Partners (EFP). EFP is a joint venture between the EIB and several European Development Finance Institutions (EDFIs), is a co-financing vehicle established in 2003 aiming at promoting sustainable development of the private sector and strengthening co-operation between eligible EDFIs and the EIB.

    Objectives

    EFP has the double objective of promoting sustainable private sector development in ACP countries through co-financing of individual debt, equity and/or guarantees operations and strengthening cooperation between the EIB and eligible EDFIs. Through EFP, the EIB expects to support projects in a variety sectors such as Financial Institutions, Telecom, Agriculture, Industry and others.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    All projects financed under the scheme must comply with applicable environmental and social standards and must meet the relevant standards.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 20/12/2019

    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

    ACP States Credit lines