Reference: 20200316
Release date: 20 May 2020

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

Description

The project consists of a credit line to NAFIN to boost access to finance for the micro, small and medium sized enterprises in Mexico affected by the Covid-19 outbreak.

Objectives

The aim is to finance small/medium projects carried out by the target group of beneficiaries in Mexico.

Sector(s)

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

USD 150 million (EUR 132 million)

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Guide to Procurement, as appropriate.

Status

Approved - 11/06/2020

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

Mexico Credit lines