Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200043
    Release date: 28 May 2020

    Promoter – Financial Intermediary




    The operation consists in a global authorisation providing partial portfolio guarantees to local banks and other financial intermediaries under the European Fund for Sustainable Development (EFSD) Guarantee "SME Access to Finance Initiative".


    The aim is to enhance access to finance to SMEs in the EU Eastern and Southern Neighbourhood, as well as Sub-Saharan Africa, by offering loans at favourable conditions, especially reduced collateral requirements and/or lower financing costs.


    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 625 million

    Environmental aspects

    The selected financial intermediaries have to take all requisite measures to ensure that the procedures carried out by the final beneficiaries will comply with national legislation and the EIB's Environmental and Social Standards.


    The selected financial intermediaries have to take all requisite measures to ensure that procurement by the final beneficiaries is undertaken in line with the provisions of the EIB Guide to Procurement.


    Approved - 17/06/2020


    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).

    Related tags

    Regional - Africa Regional - North Africa Regional - Russia, Eastern Europe, the Southern Caucasus Credit lines