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)
- Credit lines - Credit lines
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 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).