Under this Program, the EDB TAF provides subsidies for the temporary compensation of interest payments on EDB loans.
Key terms for participation in the Program
- TA project consideration is processed on a competitive basis
- Approval of the TA project by the management bodies of the Bank
- The subsidy is provided by condition of proper payment discipline in servicing debt on the Bank’s loans (in full and on time)
- Compliance of investment project with a number of criteria, including:
- Alignment with national development strategy(ies) and/or national development program of the respective Bank’s member state
- Integration potential
- High credit quality
- Implementation through public-private partnership mechanisms
- Innovation capacity or intended production of high-tech products with high added value
- Protection of the environment
- In the case that the terms for servicing debt of the EDB loan agreement are not met, the subsidy is automatically annulled