SMIFEST

PRIVATE SECTOR ASSISTANCE

1. Name of Organisation :
Societa Italiana per le Imprese Miste All’Estero (SIMEST)

2. Assistance Scheme/Program :
SIMEST will take up to 15% equity in a joint venture involving an Italian partner and requires this share to be sold within eight years.

In addition, SIMEST will provide:

management advice;

consultancy in feasibility, finance providers, legal aspects.

SIMEST’s participation also entitles the Italian partner to ask Mediocredito Centrale (the Italian medium term bank owned by the Italian Treasury) for a soft loan (interest rate equal to 50% o the market rate) to refinance up to 70% of the investment in the share capital of the joint venture.

3. Criteria :
SIMEST will consider any developing country and any sector subject to the requirement for an Italian partner. The local partner must have experience in the same sector as the joint venture.

1.	Name of Organisation	:	Societa Italiana per le Imprese Miste All’Estero (SIMEST)

2.	Assistance Scheme/Program	:	SIMEST will take up to 15% equity in a joint venture involving an Italian partner and requires this share to be sold within eight years. In addition, SIMEST will provide: management advice; consultancy in feasibility, finance providers, legal aspects. SIMEST’s participation also entitles the Italian partner to ask Mediocredito Centrale (the Italian medium term bank owned by the Italian Treasury) for a soft loan (interest rate equal to 50% o the market rate) to refinance up to 70% of the investment in the share capital of the joint venture.
3.	Criteria	:	SIMEST will consider any developing country and any sector subject to the requirement for an Italian partner. The local partner must have experience in the same sector as the joint venture.