Clico Global Loan

Promoter – Financial Intermediary

Clico Investment Bank Limited

Description

Global loan facility to co-finance eligible investment projects in the wider Caribbean i.e. ACP countries in the Caribbean that are signatories to the Cotonou agreement.

Objectives

Provision of longer term financing for smaller and medium sized enterprises.

Comments

Financial sector.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Up to EUR 20 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The intermediary, Clico Investment Bank, will provide the EIB with a summary of environmental impacts and mitigation action for each project submitted for financing under the global loan in order to ensure that projects comply with environmental policies and standards.

Procurement

The Bank’s standard procurement guidelines applicable to global loans operations will apply.

Status

Signed - 3/11/2005