Signature(s)
Amount
€ 200,000,000
Countries
Sector(s)
Brazil
: € 200,000,000
Credit lines
: € 200,000,000
Signature date(s)
29/12/2020 : € 200,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
11 August 2020
Status
Reference
Signed | 29/12/2020
20200598
Project name
Promoter - financial intermediary
BRAZIL GENDER COVID-19 RESPONSE
BANCO DO NORDESTE DO BRASIL SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Loan to the regional development institution "Banco do Nordeste do Brasil" for financing micro-enterprises, mainly targeted at women's empowerment, in response to the COVID-19 crisis affecting private businesses and directly impacting poverty alleviation.
The project will help the financing of projects carried out by micro-enterprises.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.
Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Guide to Procurement, as appropriate.
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Link to source
Summary sheet
Other links
Data sheet
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