3 Aug 2020
EUR 60 million
Industries and services
|Date of agreement:||17 Aug 2015|
|Customer:||Finnish Fund for Industrial Cooperation Ltd|
|Amount in USD:||USD 40 million|
|Amount in EUR:||EUR 36 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme is provided for onlending to projects in target countries of the Finnish Fund for Industrial Cooperation Ltd. (Finnfund). Eligible projects are expected to comply with NIB’s mandate and sustainability policy.
Finnfund’s aim is to increase lending to projects in developing countries that involve Finnish partners or technology suppliers. Finnfund’s operations include project financing in the manufacturing sector, forestry, agribusiness, power generation, telecommunications and services. Finnfund is Finland’s development finance institution that provides long-term investment loans and risk capital to private projects in developing markets.
Each request for allocation of funding will be evaluated for compliance with NIB’s competitiveness and environmental mandate.
Finnfund will assess each allocation within the loan programme for its impact on the environment and social sustainability.