Release date: 28 January 2020
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
The project covers the implementation of the Impact Finance Envelope (Building Block 3b) of the Economic Resilience Initiative (ERI).
Objectives
The operation aims at improving the long-term economic resilience of host and transit communities in the Southern Neighbourhood. It will contribute to a more sustainable, inclusive economic growth and jobs creation through private sector development, primarily supporting the growth of small and medium enterprises in the region.
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 600 million
Environmental aspects
Underlying operations will comply with standard EIB environmental requirements.
Procurement
Underlying operations will comply with standard EIB procurement requirements.
Status
Approved - 12/06/2018
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).