| Project Detail |
The project will finance the agri-food/bioeconomy sector and rural development sector in support of the EUs Multiannual Indicative Programme (and in particular the Green Growth pillar under the Green Deal Priority Area) and IFADs third Rural Financial Intermediation Programme. The EIB will provide a Multiple Beneficiary Intermediated Loan (MBIL) to the Federal Democratic Republic of Ethiopia to be on-lent by the Development Bank of Ethiopia (DBE) to final beneficiaries (small-holder farmers) either via Micro-finance Institutions (MFI), Rural Savings and Credit Cooperatives (RUSACCOs) or their Cooperative Unions. Objectives The objective is to increase access to finance for rural households, particularly smallholder farmers and women, and to establish sustainable rural financial institutions. Additional positive impacts expected from the project include enhanced productivity and value addition, leading to higher incomes and employment. Consequently, it will contribute to improved food security. Comments The project is expected to contribute towards the achievement of SDGs 1 (No Poverty), 2 (Zero Hunger), 5 (Gender Equality and Empowerment), 8 (Decent Work and Economic Growth), 10 ? Reduced Inequalities, 13- Climate Action and 17 -Partnership and Goals; to which both the EU and the EIB are fully committed. Sector(s) Credit lines - Credit lines Under Global Europe NDICI guarantee Under EFSD+ Guarantee Proposed EIB finance (Approximate amount) EUR 110 million Total cost (Approximate amount) not applicable |
