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JAMAICA FINANCIAL SECTOR OPERATION

Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Jamaica : € 20,000,000
Credit lines : € 20,000,000
Signature date(s)
20/12/2002 : € 20,000,000
Link to source
Data sheet
JAMAICA FINANCIAL SECTOR OPERATION
Other links
Summary sheet
Financial Sector Operation

Summary sheet

Release date
13 January 2003
Status
Reference
Signed | 20/12/2002
20020286
Project name
Promoter - financial intermediary
Financial Sector Operation
  • Bank of Nova Scotia Jamaica Ltd
  • First Caribbean International Bank (Jamaica) Ltd
  • Trafalgar Development Bank Ltd
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EIB funds may be used to finance up to 50% of any single investment.
Location
Sector(s)
Description
Objectives

Loan from risk capital resources to selected intermediaries for onlending either in Jamaica or US dollars, on market related terms, to local private enterprises

To assist in the provision of long term loan funds for investment projects of small and medium-sized entreprises.

Environmental aspects

All enterprises benefiting from the proposed funds will be expected to fulfil national environmental legislation. Such fulfilment will be part of both the Bank’s and the intermediaries’ due diligence of each project proposed.

Link to source
Summary sheet
Financial Sector Operation
Other links
Data sheet
JAMAICA FINANCIAL SECTOR OPERATION

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).

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.

Media enquiries

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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