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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Senegal : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    30/08/2024 : € 30,000,000

    Summary sheet

    Release date
    23 January 2024
    Status
    Reference
    Signed | 30/08/2024
    20190749
    Project name
    Promoter - financial intermediary
    BANQUE AGRICOLE - SENEGAL GREEN AGRI VALUE CHAIN
    LA BANQUE AGRICOLE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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 Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    8 May 2024
    30 August 2024
    Related 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).

    Documents

    Environmental and Social Data Sheet (ESDS) - BANQUE AGRICOLE - SENEGAL GREEN AGRI VALUE CHAIN
    Publication Date
    22 May 2024
    Document language
    Main Topic
    Lending
    Document Number
    184715550
    Document Focus
    Environmental Information
    Project Number
    20190749
    Sector(s)
    Countries
    Publicly available
    Download now

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