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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Senegal : € 75,000,000
Industry : € 75,000,000
Signature date(s)
23/07/2020 : € 75,000,000
Link to source

Summary sheet

Release date
3 June 2020
Status
Reference
Signed | 23/07/2020
20200413
Project name
Promoter - financial intermediary
SENEGAL COVID-19 HEALTH PROGRAMME
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
not applicable
Location
Sector(s)
Description
Objectives

The project will contribute to the financing facility (mécanisme de financement) put in place by the Senegalese government in the context of its economic and social resilience response to the pandemic.

The aim is to mobilise funding sources to SMEs and midcaps in Senegal to mitigate the financial and economic impact of the pandemic. It is a sub-operation under the Africa, Caribbean and Pacific (ACP) Covid-19 Health and Economic Resilience programme loan, as well as part of the EIB's contribution to tackle the impact of Covid-19 outside the EU, in line with the "Team Europe" approach.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national legislation.

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.

Related projects
Link to source

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).

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