3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||24 Sep 2007|
|Customer:||Government through Ministry of Finance|
|Amount in USD:||USD 50 million|
|Amount in EUR:||EUR 35.4 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
This is NIB's second Rural Area Loan Programme of USD 50 million, which will be used to finance projects of mutual interest in various sectors in rural areas in China. Future projects with a significant Nordic/Baltic component financed under the programme will be aimed at the improvement of living conditions, technological development and environmental improvements in the rural areas.
In the sectors proposed, Nordic/Baltic technology represents the state-of-the-art in reliability, efficiency and low environmental impacts.