Release date: 24 November 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),DEVELOPMENT BANK OF NORTH MACEDONIA JSC SKOPJELocation
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)
- Credit lines - Credit lines
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 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).