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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Senegal : € 75,000,000
    Industry : € 75,000,000
    Signature date(s)
    23/07/2020 : € 75,000,000
    Link to source

    Summary sheet

    Release date
    3 June 2020
    Status
    Reference
    Signed | 23/07/2020
    20200413
    Project name
    Promoter - financial intermediary
    SENEGAL COVID-19 HEALTH PROGRAMME
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project will contribute to the financing facility (mécanisme de financement) put in place by the Senegalese government in the context of its economic and social resilience response to the pandemic.

    The aim is to mobilise funding sources to SMEs and midcaps in Senegal to mitigate the financial and economic impact of the pandemic. It is a sub-operation under the Africa, Caribbean and Pacific (ACP) Covid-19 Health and Economic Resilience programme loan, as well as part of the EIB's contribution to tackle the impact of Covid-19 outside the EU, in line with the "Team Europe" approach.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national legislation.

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Related projects
    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).

    News & Stories

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