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    Reference: 20200480
    Release date: 16 November 2020

    Promoter – Financial Intermediary




    A Framework Loan to the Development Bank of El Salvador to partly finance sustainable energy projects and to provide contingency financial support to small and medium-sized enterprises (SMEs) in the context of the COVID-19 pandemic.


    The main purpose of the operation is to partly finance sustainable energy initiatives and to provide contingency financial support to SMEs in the context of the COVID-19 pandemic. The energy component of this operation will contribute to the achievement of climate change mitigation, which is one of the high-level horizontal objectives of the External Lending Mandate (ELM), and to the development of sustainable economic growth and of the private sector. The SME component of this operation will support small and medium-sized enterprises impacted by the COVID-19 pandemic in El Salvador.


    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 40 million (EUR 33 million)

    Total cost (Approximate amount)

    USD 60 million (EUR 49 million)

    Environmental aspects

    The energy component of the operation intends to generate environmental benefits by supporting renewable energy (i.e. solar photovoltaic, biogas and mini hydropower) and energy efficiency measures that help to mitigate climate change through the reduction of greenhouse gas emissions. For the SME component of the operation, final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.


    The Promoters and final beneficiaries of the sub-projects to be financed under this operation will be required to ensure that procurement of goods, works and services is carried out in accordance with the EIB's Guide to Procurement. It is expected that the Promoters of the energy component of the operation will be predominantly private entities and therefore will follow private procurement rules.


    Signed - 21/04/2021


    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).

    Related tags

    El Salvador Energy Credit lines