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)
- Credit lines - Credit lines
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 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).