BCI RISK SHARING FACILITY FOR SMES IN MAURITANIA

Promoter – Financial Intermediary

BANQUE POUR LE COMMERCE ET L'INDUSTRIE

Location

• Mauritania

Description

This facility provides a partial portfolio guarantee to the financial intermediary Banque pour le Commerce et l'Industrie (BCI) in order to support financing eligible small- and medium-sized investments undertaken by small and medium businesses in Mauritania, thereby contributing to economic resilience and employment generating activities in Mauritania.

Objectives

This facility provides a partial portfolio guarantee to the financial intermediary BCI in order to support financing eligible small- and medium-sized investments undertaken by small and medium businesses in Mauritania, thereby contributing to economic resilience and employment generating activities.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 4 million

Total cost (Approximate amount)

EUR 25 million

Environmental aspects

The Bank will require BCI to take all the requisite measures to ensure that the procedures, including procurement procedures, carried out by the final beneficiaries for the sub-projects receiving an underlying loan covered by the partial portfolio guarantee of the Bank, will comply with national legislation and ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in Mauritania.

Procurement

The Bank will require BCI to take all requisite measures to ensure that any procurement procedures carried out by the Final Beneficiaries for the sub-projects receiving an underlying loan covered by the partial portfolio guarantee of the Bank are in accordance with the Bank's Guide to Procurement.

Status

Approved - 19/12/2023