Release date: 25 October 2018
Promoter – Financial Intermediary
FONDS DE DEVELOPPEMENT INDUSTRIELLocation
Description
The project consists of a loan to Haiti's Fonds de Développement Industriel (FDI), which in turn will on-lend to eligible small and medium-sized enterprises (SMEs).
Objectives
This project will improve competitiveness and access to finance at favourable conditions for SMEs in Haiti.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 12 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the European Investment Bank's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.
Procurement
The Bank will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.
Status
Signed - 3/12/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).