Release date: 14 May 2020
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S),PRIVATE ENTITY(IES),PUBLIC ENTITY(IES)Location
Description
The project consists in a programme loan (PL) supporting various needs arising from the COVID-19 crisis in the six Western Balkan countries through the public sector, National Promotional Banks (NPBs) or public financial intermediaries.
Objectives
The aim is to mobilise financial resources to mitigate the impact of the COVID-19 pandemic in the six Western Balkans countries. The PL, which is part of the EIB economic response to the COVID-19 outbreak, will address healthcare and civil protection needs and provide financial support to the local economy through public sector intermediaries.
Sector(s)
- Health - Human health and social work activities
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1000 million
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
Approved - 26/06/2020
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).