Release date: 12 December 2023
Promoter – Financial Intermediary
ECOWAS BANK FOR INVESTMENT AND DEVELOPMENTLocation
Description
Multi-sector Framework Loan with the ECOWAS Bank for Investment and Development (EBID) for the financing of at least 70% Climate Action (CA) and Environmental Sustainability (ES) projects in the ECOWAS region.
Objectives
The project will help the financing of Climate Action and Environmental Sustainability projects in West African countries.
Sector(s)
- Education - Education
- Health - Human health and social work activities
- Water, sewerage - Agriculture, forestry and fishing
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million
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 - 13/05/2024
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).