Release date: 27 November 2002
Promoter – Financial Intermediary
Banco Comercial do Atlantico (BCA)
Banco Interatlantico (BIA)
Caixa Economica de Cabo Verde (CAIXA)
Location
Description
Credit line for financing small and medium-sized enterprises in Cape Verde through medium and long-term loans
Objectives
(i) to improve the access of Cape Verde's private enterprises to medium and long-term bank financing for their investment projects; and (ii) to bolster the capacity of the financial intermediaries to support such investment with tailor-made finance by providing them with long-term resources.
Comments
Industry, agro-industry, tourism and related service sectors, health and education
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The environmental impact of each venture financed under the global loan will be assessed by the financial intermediaries in accordance with the instructions issued by the EIB, which will ensure that the ventures comply with the environmental standards that it normally applies.
Procurement
The Bank's procurement rules for global loans will apply.
Status
Signed - 6/05/2003