Global loan facility to finance SMEs in the Dominican Republic. An equity subscription to participate in planned capital increases to take place within the next 2 years.
Objectives
Provision of longer term financing for smaller and medium sized enterprises.
Comments
Sector(s)
Services
Credit lines
Proposed EIB finance (Approximate amount)
Up to EUR 3 million for the global loan and up to EUR 0.75 million for the equity participation.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary, Banco ADEMI undertakes environmental screening of projects. This includes ensuring before any disbursements take place that proposed operations have received the required environmental approvals based upon environmental impact assessments where appropriate. Under the proposed loan, EIB would retain the right to require further investigation to ensure that projects financed comply with the Bank's environmental guidelines.
Procurement
The Bank's standard procurement guidelines applicable to global loans operations will apply.
Status
Under appraisal
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04/01/2006.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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Zero-tolerance against fraud and corruption
The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
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