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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    South Africa : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    28/11/2002 : € 50,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    26 November 2001
    Status
    Reference
    Signed | 28/11/2002
    20010235
    Project name
    Promoter - financial intermediary
    Industrial Development Corporation (Global loan IV)
    Industrial Development Corporation
    Proposed EIB finance (Approximate amount)
    Up to EUR 50 million
    Location
    Sector(s)
    Description
    Objectives

    Global loan facility for small and medium scale project finance in the manufacturing, agro-industry, tourism, and mining sectors

    Long term loan finance for the development of small and medium scale businesses in South Africa. Job creation and economic empowerment are key objectives of the project.

    Environmental aspects
    Procurement

    IDC’s environmental guidelines for project lending to be maintained ; all allocations to comply with EIB’s environmental reporting requirements.

    Global loan operation: EIB funding will be made available to private sector promoters who are motivated to procure goods and services in a cost-effective fashion.

    Comments

    Global Loan for SMEs

    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).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    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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