BANQUE AGRICOLE - SENEGAL GREEN AGRI VALUE CHAIN

The operation consists in a Multi-Beneficiary Intermediated Loan (MBIL) to finance investments in sustainable agriculture in Senegal. In detail, at least 70% of the total amount will target projects in agriculture value-chains and 30% on Climate Action and Environmental Sustainability.

The aim is to enhance access to finance for eligible cooperatives, small and medium sized enterprises and mid-caps active in agriculture value chains. This will impact positively on Climate Action and Environmental Sustainability as well as gender equality and women's economic empowerment in Senegal. In line with the 2X Challenge criteria, at least 30% of the total loan amount will support businesses owned, run, employing or primarily serving women.

The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures including procurement procedures carried out by the final beneficiaries for the financed sub-projects, will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country. The operation will promote the financial inclusion of agriculture value chain actors and SMEs and deliver significant positive environmental and social outcomes by focusing on climate action and environmental sustainability. Supporting food value chains will contribute to increased self-reliance and reduce vulnerability to external shocks.

The EIB will require the intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the financed sub-projects are in line with the EIB's Guide to Procurement.

Under EFSD+ Guarantee