Global loan for long-term financing of investment projects being implemented by (i) private sector SMEs and Mid-Caps operating in productive sectors and (ii) commercially run public sector companies in French Polynesia.
Objectives
Improving access to term finance under favourable conditions, the operation will support French Polynesia's strategy for enhancing economic growth and employment through the financing of small and medium scale productive investments in eligible sectors. Projects will be carried out by the final beneficiaries in line with the conditions for the implementation of the EIB Global Loans.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary (Banque de Tahiti) shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.
Procurement
The financial intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the investments that the Bank finances are in accordance with the EIB Guide to Procurement and national procurement legislation.
Status
Under appraisal
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21/02/2013.
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.
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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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