ACP MICROFINANCE FACILITY

The framework credit line of up to EUR 60 million will make finance available to micro and small and medium-sized enterprises (SMEs) through selected financial intermediaries across African, Caribbean and Pacific (ACP) countries.

The project aims at contributing to bridge the financial services gap for SMEs and local authorities in ACP countries by encouraging local banks to expand their lending activities to this business segment. The Facility will also support job creation and promote more inclusive and balanced economic growth in the ACP countries.

Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements, in particular on environment and procurement.

Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements.