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    Reference: 20200841
    Release date: 25 March 2021

    Promoter – Financial Intermediary




    Sovereign loan to part-finance a guarantee scheme for SMEs and mid-caps affected by the COVID-19 pandemic in Benin, contributing to the measures put in place by the government in the context of its economic and social resilience response to the pandemic.


    The proposed operation aims at addressing the long-standing credit constraints of agri-food value chain actors in Benin by de-risking agricultural lending for financial institutions. In doing so, the project is expected to contribute towards addressing the market failure of imperfect information and the ensuing obstacles to access to finance that agricultural stakeholders are confronted with. Simultaneously, the operation aims at supporting the country's COVID-19 recovery efforts through interventions that restore the livelihoods of agri-food value chains stakeholders, thus supporting business continuity and associated employment.


    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Proposed EIB finance (Approximate amount)

    EUR 45 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The Bank will require the Promoter to take all the requisite measures to ensure that final beneficiaries implementing sub-projects receiving EIB financing will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.


    The Bank will require the Promoter to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement


    Signed - 17/12/2021


    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

    Benin Agriculture, fisheries, forestry