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    Reference: 20200548
    Release date: 22 June 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSC

    Location

    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)

    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).

    Related tags

    Montenegro Credit lines