Release date: 29 June 2010
Promoter – Financial Intermediary
Development Bank of Saint Kitts and Nevis (“DBSKN”)
Location
Description
Line of credit to finance DBSKN's small and medium-sized enterprises lending programme.
Objectives
The operation is intended to support the growth and development of Saint Kitts and Nevis small and medium-sized enterprises, thereby contributing to employment, economic growth and diversification, as well as development of the country’s financial infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 8 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary will ensure that the projects to be financed will comply with the EIB’s environmental standards. The financial intermediary’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.
Procurement
Assets to be financed will be procured on a competitive basis taking into account the nature and size of the goods and services to be purchased. The financial intermediary will ensure compliance with the Bank’s procurement guidelines.
Status
Under appraisal - 17/12/2010
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).