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DFLSA GLOBAL FACILITIES

Signature(s)

Amount
€ 5,000,000
Sector(s)
Services : € 5,000,000
Signature date(s)
10/12/2004 : € 1,000,000
10/12/2004 : € 4,000,000
Link to source
Data sheet
DFLSA GLOBAL FACILITIES
Other links
Summary sheet
DFLSA (Creation of private sector development bank)

Summary sheet

Release date
7 March 2002
Status
Reference
Signed | 10/12/2004
20000471
Project name
Promoter - financial intermediary
DFLSA (Creation of private sector development bank)
Guyana Manufacturers' Association (GMA) and Development Finance Ltd (DFL) from Trinidad
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 1 million 8% cumulative redeemable and convertible preference shares; EUR 4 million subordinated loan.
EUR 17.5 million
Location
Sector(s)
Description
Objectives

Setting up of a private sector development bank to provide long-term funding to small- and medium-scale enterprises for investment purposes, in the manufacturing, agro-industrial, mining, tourism, information technology and related services sectors.

The objective of the operation is to provide financing and enterprise development services for the creation, development and expansion of small- and medium scale enterprises in the productive sectors of Guyana and Suriname.

Environmental aspects
Procurement

Investments made from these funds are expected to comply with environmental requirements for EIB financed projects. Larger projects may require an Environmental Impact Assessment.

Not applicable

Comments

Financial sector operation

Link to source
Summary sheet
DFLSA (Creation of private sector development bank)
Other links
Data sheet
DFLSA GLOBAL FACILITIES

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).

General enquiries and comments

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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