EIB approves €5m investment in specialised microfinance vehicle

The European Investment Bank (EIB) has approved a €5 million investment in class B shares issued by the Luxembourg Microfinance and Development Fund (LMDF), a specialised microfinance investment vehicle targeting tier 2-3 microfinance institutions in developing countries including the Africa, the Caribbean and Pacific (ACP) region.

LMDF has a target size of €50 million and provides debt (majority of investments), equity and quasi-equity funding.

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