Release date: 6 July 2018
Promoter – Financial Intermediary
FEDERATED STATES OF MICRONESIA DEVELOPMENT BANKLocation
Description
The project consists of a credit facility to the Federated States of Micronesia Development Bank (FSMDB) to on-lend primarily to small and medium-sized enterprises (SMEs) with the aim to contribute to private sector development in Micronesia.
Objectives
This credit facility will improve competitiveness and access to finance at favourable conditions for SMEs in Micronesia.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
USD 5 million (EUR 4 million)
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 17/12/2018
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).