Release date: 22 June 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSCLocation
Description
Dedicated COVID-19 multi-beneficiary intermediated loan (MBIL) to support small and medium-sized enterprises (SMEs), midcaps and public sector entities and contribute to mitigating the COVID-19-induced economic impact in Montenegro.
Objectives
This facility is part of the EIB's economic response to the COVID-19 pandemic crisis and contributes to the €1.7 billion EIB financial support package in the Western Balkans (WB) region. The loan aims at mobilizing funding resources to mitigate the impact of the COVID-19 crisis in Montenegro, by financing of small/medium projects carried out by small and medium-sized enterprises or local authorities.
Comments
This loan is an allocation under the WB COVID-19 Response - Public Sector and NPBs Programme Loan.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
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
Signed - 11/09/2020
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).