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Signature(s)

Amount
€ 12,000,000
Countries
Sector(s)
Burkina Faso : € 12,000,000
Credit lines : € 12,000,000
Signature date(s)
8/12/2003 : € 2,000,000
8/12/2003 : € 10,000,000
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Summary sheet

Release date
20 November 2003
Status
Reference
Signed | 08/12/2003
20030179
Project name
Promoter - financial intermediary
Prêt global Burkina Faso II
  • Banque Agricole et Commerciale du Burkina (BACB),
  • Banque Internationale pour le Commerce, l'Industrie et l'Agriculture du Burkina (BICIAB),
  • Bank of Africa (BOA),
  • Société Générale de Banques au Burkina Faso (SGBB)
  • Burkina Bail
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 10 m for the four banks and EUR 2 m for Burkina Bail
Not applicable
Location
Sector(s)
Description
Objectives

Two credit lines extended to BACB, BICIAB, BOA and SGBB on the one hand, and to Burkina Bail on the other, for financing small and medium-sized enterprises

To improve the intermediaries' access to medium and long-term resources in order to promote the financing of SME ventures through loans and leasing operations, thereby contributing to the enhanced competitiveness and growth of the private sector in Burkina Faso.

Environmental aspects
Procurement

The environmental impact of each venture financed under the global loans will be assessed by the intermediaries in accordance with the instructions issued by the EIB, which will ensure that the projects comply with the environmental standards that it normally applies.

Supplies, services and works contracts in respect of ventures financed will be awarded in accordance with the appropriate procedures - international or national competitive bidding or enquiries depending on the type of project.

Comments

Sectors eligible under the Cotonou Agreement

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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 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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