Multinational - Sixth Line of Credit to East African Development Bank (EADB)

The proposed project is a line of credit to East African Development Bank (EADB) in an amount of US$ 20 million to finance private sector orientated SME and some large scale enterprises (LSE), which are export-oriented and/or locally resource-based. The line of credit will be used to finance foreign exchange components of private-sponsored sub-projects in the productive sectors and a few private sector infrastructure projects. It will help establish viable sub-projects in the EADB's pipeline of projects. These projects are mostly export-oriented and when implemented will earn significant foreign exchange for the country and at the same time contribute to employment generation.