Release date: 18 October 2002
Promoter – Financial Intermediary
The Government of Sri Lanka, the borrower, will on-lend the facility to Development Finance Corporation of Ceylon Bank, the financial intermediary.Location
Description
The proposed line of credit would assist the development of small and medium scale investments. Special focus will be given to export oriented activities and productivity improvement investments.
Objectives
The loan should contribute to the on-going diversification of Sri Lanka's economic base. Priority in allocations will be given to investments undertaken by EU subsidiaries or joint ventures or containing other forms of EU interest (transfer of technology, supply of goods and services, etc).
Comments
Industry (including agro-industry) and related services, infrastructure, tourism, energy, information technologies and telecommunications.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 40 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
All allocations to comply with Sri Lankan environmental standards and practices and, where appropriate, benchmarked against those of the EU.
Procurement
Contracts to be awarded on the basis of international tender if applicable.
Status
Signed - 23/12/2002