BANK OF GEORGIA LOAN FOR SMES AND MID-CAPS

Promoteur – Intermédiaire Financier

JSC BANK OF GEORGIA

Lieu

• Georgie

Description

The project consists of a dedicated EIB loan to finance projects promoted by small and medium-sized enterprises (SMEs) and Mid-Caps in Georgia through JSC Bank of Georgia.

Objectifs

The operation aims to support local private sector development, in particular SMEs and Mid-Caps.

Commentaires

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

Secteur(s)

• Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 40 million

Coût total (montant approximatif)

Not applicable.

Aspects environnementaux

The EIB carries out thorough due diligence on the intermediary’s capacity and procedures to adhere to the Bank’s standards and rules in administering EIB finance, to ensure compliance of the intermediary’s allocations with the European Union’s social and environmental principles, and where appropriate, public consultation.

Passation des marchés

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Since eligible final beneficiaries are restricted to 100% private sector entities, no procurement issues are expected at the outset.

Statut

Signé - 30/04/2015