The mandate is established under the National Rural Development Programme and financed by the European Agricultural Fund for Rural Development (EAFRD) with national co-financing. Together with the resources to be allocated by the selected financial intermediaries, the facility is expected to generate at least EUR 126 million in new financing to eligible beneficiaries.
The mandate will allow EIF to roll-out a new risk sharing product, which will significantly lower the interest rates and will provide improved collateral requirements on loans for agricultural companies.
In line with DG AGRI's and the Romanian Government's agricultural policy objectives, the mandate will support the capital expenditure of small farms as well as agricultural holdings and the co-financing of agricultural subsidies.
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Full press release avalailable via the link below.
Via eif.org
