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IDF LOAN FOR SMES & PRIORITY PROJECTS

Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Montenegro : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
20/03/2014 : € 25,000,000
10/10/2012 : € 25,000,000
Link to source
Data sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS
Other links
Summary sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS
Related press
Montenegro: EUR 45 million for SMEs and other projects
Related press
Montenegro: EUR 49 million for SMEs and other projects

Summary sheet

Release date
15 December 2011
Status
Reference
Signed | 10/10/2012
20110471
Project name
Promoter - financial intermediary
IDF LOAN FOR SMES & PRIORITY PROJECTS
INVESTMENT AND DEVELOPMENT FUND OF MONTENEGRO JSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan for financing small and medium-sized projects carried out primarily by SMEs as well as Local Authorities.

Give access to long-term funding at affordable interest rates pimarily to small and medium sized enterprises as well as local authorities.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source
Summary sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS
Other links
Data sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS
Related press
Montenegro: EUR 45 million for SMEs and other projects
Related press
Montenegro: EUR 49 million for SMEs and other projects

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).

News & Stories

Link to source
Related press
Montenegro: EUR 45 million for SMEs and other projects
Related press
Montenegro: EUR 49 million for SMEs and other projects
Other links
Data sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS
Summary sheet
IDF LOAN FOR SMES & PRIORITY PROJECTS

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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