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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Tunisia : € 120,000,000
    Credit lines : € 120,000,000
    Signature date(s)
    1/12/2005 : € 50,000,000
    1/12/2005 : € 70,000,000
    Link to source

    Summary sheet

    Release date
    5 October 2005
    Status
    Reference
    Signed | 01/12/2005
    20050466
    Project name
    Promoter - financial intermediary
    Tunisian Enterprises IV Global Loan
    Tunisian enterprises in the industrial, service and tourism sectors.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million loan from the Bank's own resources under the FEMIP Euromed II Mandate, of which EUR 50 million for leasing companies (Tranche A) and EUR 70 million for banks (Tranche B).
    The Bank will limit its funding to a maximum of 50% of the cost of each project financed.
    Location
    Sector(s)
    Description
    Objectives

    The operation consists of a credit line to selected Tunisian banks and leasing companies. These institutions will be chosen on the basis of banking criteria and in accordance with their ability to finance the projects targeted by the global loan.

    The projects targeted in the abovementioned sectors consist of small and medium-scale ventures involving the creation, modernisation, expansion and rehabilitation of local enterprises.

    The project meets the objectives of the reinforced Facility for Euro-Mediterranean Investment and Partnership (FEMIP) with regard to private sector development, the strengthening of the financial sector and industrial modernisation.

    Environmental aspects
    Procurement

    All sub-projects financed under the proposed loan must meet the EIB's requirements with respect to global loans and comply with the relevant national legislation, which is comparable to current EU directives. In certain specific cases, approval by the National Environmental Protection Agency will be required.

    Usual rules applicable to private sector projects financed under global loans.

    Comments

    Industry, Services, Tourism, Health and Education.

    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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