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    Reference: 20220583
    Release date: 8 November 2022

    Promoter – Financial Intermediary




    The project consists of a line of credit to selected financial intermediaries to provide loans to small and medium-sized enterprises (SMEs) and MidCaps investing in eligible climate action projects in the sub-Saharan Africa, the Caribbean and the Pacific (ACP).


    The operation will support small-scale investments in climate action and environmental sustainability by SMEs and Midcaps located in the ACP. The facility is expected to promote private sector access to long-term financing for a green and sustainable post Covid-19 recovery in the region. Furthermore, supporting private sector investments in climate action objectives is a key part in assisting the ACP countries in meeting their Nationally Determined Contribution targets under the Paris Agreement and to facilitate sustainable economic growth and job creation outside the EU. The facility is expected to positively contribute to several UN Sustainable Development Goals, including but not limited to SDG-10 (Reduced Inequalities), SDG-5 (Gender Equality), SDG-7 (Affordable and Clean Energy), and SDG-13 (Climate Action).


    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Financial intermediaries will be required to take all requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental Standards, as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.


    Financial intermediaries will be required to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects receiving Bank financing are in accordance with the Bank's Guide to Procurement.


    Approved - 21/12/2022

    Under appraisal
    21 December 2022


    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

    ACP States Credit lines