COVID-19 SERBIAN GOVERNMENT SUPPORT SMES&MIDCAPS

Promoteur – Intermédiaire Financier

FOND ZA RAZVOJ REPUBLIKE SRBIJE,SERBIAN EXPORT CREDIT AND INSURANCE AGENCY

Lieu

• Serbie

Description

The loan would be a part of the Serbian Governmental support programme for small and medium-sized enterprises (SMEs) and mid-caps impacted by the COVID-19 crisis. The loan would be dedicated to investments as well as working capital support to private entities.

Additionality and Impact

The pandemic has exacerbated the known difficulties that the SMEs and Midcaps experience in accessing cost-effective, long-term finance. These difficulties arise from the small scale of activities and uncertainties in the markets leading to lower rates of return and higher risk of failure. The EIB loan will help the SMEs/Midcaps to alleviate the immediate negative effects of the pandemic by offering working capital finance, strengthen competitiveness and build-up of future resilience through financing small-scale investments in several sectors. The availability of EIB longer term financing with customized terms will contribute to the Serbian Government program of financial support to those small entities, while also having a strong impact on employment retention. This loan is part of the EIB response to the COVID-19 pandemic in the Western Balkans and included in the Team Europe initiative launched by the Commission.

Objectifs

This facility is part of the EIB's economic response to the COVID-19 pandemic and contributes to the EUR 1.7 billion EIB financial support package in the Western Balkans region. The loan aims at mobilising funding resources to mitigate the impact of the COVID-19 crisis in Serbia by financing small/medium projects carried out by small and medium-sized enterprises.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

EUR 200 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

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

Passation des marchés

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

Statut

Signé - 18/06/2021