Development Bank of Seychelles Contact point: Mr Roger Toussaint, Managing Director
Location
Seychelles
Description
Line of credit in favour of the Republic of Seychelles to finance loans to small and medium sized enterprises in Seychelles, through the intermediary Development Bank of Seychelles (DBS).
Objectives
The line of credit is to support the availability of term finance to small and medium sized enterprises (SMEs) operating in the productive and service sectors in the Seychelles.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
DBS shall ensure that projects financed are implemented in conformity with the environmental laws of Seychelles.
Procurement
DBS shall take all the requisite measures to ensure that the procurement of works, goods and services relating to the subprojects which the EIB finances is the most economically-advantageous option, following appropriate procedures in the light of the circumstances and taking account of quality and efficiency.
Status
Under appraisal
-
20/06/2012.
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).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
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.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
