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    Summary sheet

    Release date
    5 October 2017
    Status
    Reference
    Approved | 27/02/2018
    20170546
    Project name
    Promoter - financial intermediary
    ACP&OCT GLOBAL AUTHORISATION VIII
    PRIVATE ENTITY(IES), PUBLIC ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 145 million
    EUR 300 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of smaller scale projects carried out by various counterparts, including financial institutions, banks, corporates (including small and medium-sized enterprises), public entities, sovereigns and special purpose vehicles. The operations will be financed either directly or indirectly through debt, guarantees, quasi-equity or equity participations / private equity funds, under the Cotonou Investment Facility resources and own resources.

    The project will be in accordance with the objectives set out for the Cotonou Agreement, to help reduce poverty in sub-Saharan Africa, the Caribbean and the Pacific and the Overseas Countries and Territories (ACP/OCT), by contributing to sustained economic growth, with a particular focus on the private sector. The project will enable the Bank to support smaller ACP/OCT economies, that normally generate smaller financing opportunities, and to facilitate access to long-term financing across a wide range of sectors.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

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    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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