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    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

    Signed - 14/12/2020

    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

    Mexico Credit lines