Reference: 20200413
Release date: 3 June 2020

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

Description

The project will contribute to the financing facility (mécanisme de financement) put in place by the Senegalese government in the context of its economic and social resilience response to the pandemic.

Objectives

The aim is to mobilise funding sources to SMEs and midcaps in Senegal to mitigate the financial and economic impact of the pandemic. It is a sub-operation under the Africa, Caribbean and Pacific (ACP) Covid-19 Health and Economic Resilience programme loan, as well as part of the EIB's contribution to tackle the impact of Covid-19 outside the EU, in line with the "Team Europe" approach.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 75 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national legislation.

Procurement

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Signed - 23/07/2020

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

Senegal Credit lines