BRAZIL GENDER COVID-19 RESPONSE

Promoter – Financial Intermediary

BANCO DO NORDESTE DO BRASIL SA

Location

• Brazil

Description

Loan to the regional development institution "Banco do Nordeste do Brasil" for financing micro-enterprises, mainly targeted at women's empowerment, in response to the COVID-19 crisis affecting private businesses and directly impacting poverty alleviation.

Objectives

The project will help the financing of projects carried out by micro-enterprises.

Sector(s)

• Credit lines - Credit lines

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Guide to Procurement, as appropriate.

Status

Signed - 29/12/2020