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 small and medium sized enterprises (SMEs).
Objectives
The main objective is to support on-lending by financial intermediaries to projects carried out by private sector companies, in particular SMEs, in the Southern Africa and Indian Ocean regions (excluding South Africa).
Sector(s)
- Credit lines - Credit lines
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 - 23/11/2021
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).