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    Reference: 20200526
    Release date: 5 November 2020

    Promoter – Financial Intermediary

    KOSOVO* CREDIT GUARANTEE FUND

    Location

    Description

    Facility provided to the Government of Kosovo to support the economic recovery in the context of the COVID-19 pandemic. The facility will be used to strengthen the Kosovo Credit Guarantee Fund so that it can extend guarantees towards commercial banks to support micro, small and medium-sized enterprises (MSMEs).

    Objectives

    Supporting the financing of working capital needs and investments projects of MSMEs in Kosovo, with particular focus on the sectors most affected by the COVID-19 pandemic. The operation is part of a wider crisis support programme for the countries in the Western Balkans.

    Comments

    *This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.\r\n\r\n* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The Bank will require the Kosovo Credit Guarantee Fund to take all the requisite measures to ensure that the projects carried out by the final beneficiaries receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.

    Procurement

    The Bank will require the Kosovo Credit Guarantee Fund to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 28/06/2021

    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

    Kosovo* Credit lines