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Signature(s)

Amount
€ 5,000,000
Sector(s)
Services : € 5,000,000
Signature date(s)
10/12/2004 : € 1,000,000
10/12/2004 : € 4,000,000
Link to source

Summary sheet

Release date
7 March 2002
Status
Reference
Signed | 10/12/2004
20000471
Project name
Promoter - financial intermediary
DFLSA (Creation of private sector development bank)
Guyana Manufacturers' Association (GMA) and Development Finance Ltd (DFL) from Trinidad
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 1 million 8% cumulative redeemable and convertible preference shares; EUR 4 million subordinated loan.
EUR 17.5 million
Location
Sector(s)
Description
Objectives

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.

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.

Environmental aspects
Procurement

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

Not applicable

Comments

Financial sector operation

Other links

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).

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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