DFLSA (Creation of private sector development bank)

Promoteur – Intermédiaire Financier

Guyana Manufacturers' Association (GMA) and Development Finance Ltd (DFL) from Trinidad

Lieu

• Régional - Caraïbes

Description

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.

Objectifs

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.

Commentaires

Financial sector operation

Secteur(s)

• Services

Montant BEI envisagé (montant approximatif)

EUR 1 million 8% cumulative redeemable and convertible preference shares; EUR 4 million subordinated loan.

Coût total (montant approximatif)

EUR 17.5 million

Aspects environnementaux

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

Passation des marchés

Not applicable

Statut

Signé - 10/12/2004