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    Reference: 20200821
    Release date: 24 November 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),DEVELOPMENT BANK OF NORTH MACEDONIA JSC SKOPJE

    Location

    Description

    Dedicated COVID-19 multi-beneficiary intermediated loan (MBIL) through a loan to the Development Bank of North Macedonia to support small and medium-sized enterprises (SMEs) and mid-caps and contribute to mitigating the COVID-19 induced economic impact in North Macedonia.

    Objectives

    This facility is part of the EIB's economic response to the COVID-19 pandemic and contributes to the €1.7 billion EIB financial support package in the Western Balkans (WB) region. The loan aims at mobilising funding resources to mitigate the impact of the COVID-19 crisis in North Macedonia by financing small/medium projects carried out by small and medium-sized enterprises.

    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 100 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 - 21/06/2021

    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

    North Macedonia Credit lines