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    Reference: 20190614
    Release date: 17 April 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The project consists in a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular on small and medium sized enterprises (SMEs).

    Objectives

    The main objective is to support on-lending by financial intermediaries to private sector projects in the West and Central Africa region (excluding Nigeria) carried out by private sector companies, in particular SMEs.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 18/12/2020

    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

    Regional - Central Africa Regional - West Africa Credit lines