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.
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
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20/06/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore 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 concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the 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 the EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
