EIB Supports SME Development in Mauritius

The European Investment Bank has agreed to extend a €30 million ($42 million) loan and technical assistance to the State Bank of Mauritius in a bid to support private sector development in the country and nearby states.

Part of the loan will specifically target small and medium-sized enterprises, which make up a crucial part of the Mauritian economy, according to a news release from the European Union.

This is EIB’s second investment in the State Bank of Mauritius, following a €20 million loan it provided to the bank in 2005.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.