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Signature(s)

Amount
€ 50,000,000
Sector(s)
Credit lines : € 50,000,000
Signature date(s)
20/05/2021 : € 50,000,000
Link to source

Summary sheet

Release date
31 May 2021
Status
Reference
Signed | 20/05/2021
20200678
Project name
Promoter - financial intermediary
OEEB - COVID19 ACP FACILITY FOR SMES
OESTERREICHISCHE ENTWICKLUNGSBANK AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
Description
Objectives

Line of credit to Oesterreichische Entwicklungsbank AG (OeEB), the Austrian development finance institution, for on-lending to private sector entities in the sub-Saharan Africa region.

Financing of private sector projects carried out primarily by small and medium-sized enterprises (SMEs).

Environmental aspects
Procurement

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

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

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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Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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