EIB Global and Banque El Amana sign loan to improve financial inclusion of women and young people in the blue economy
Mauritania, July 1 -- Banque El Amana (BEA) and the European Investment Bank (EIB Global) signed an agreement for €20 million to finance small and medium-sized companies (SMEs) in Mauritania, at the 4th International Conference on Financing for Development (FfD4).At least 30% of the financing will target firms led or owned by women, or that have a large share of women on staff. Another 30% is set aside for firms led or owned by young people, or that have a large share of young workers.Financial inclusion of women and young peopleThe 30% target for firms led or owned by women, or that have a large share of women on staff, is in accordance with the international criteria of the 2X Challenge. In Mauritania, despite significant progress, ...
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