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Signature(s)

Amount
€ 28,000,000
Countries
Sector(s)
Cameroon : € 28,000,000
Credit lines : € 28,000,000
Signature date(s)
16/12/2003 : € 3,000,000
16/12/2003 : € 25,000,000
Link to source

Summary sheet

Release date
1 October 2003
Status
Reference
Signed | 16/12/2003
20030201
Project name
Promoter - financial intermediary
Private Sector Development – Global Loan II
PRO-PME SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3 million
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line for financing very small, small and medium-sized Cameroonian enterprises through medium and long-term loans.

Improving access to medium and long-term bank finance for private enterprises in Cameroon, allowing them to carry out their projects by making long-term resources available to PRO-PME.

Environmental aspects
Procurement

The environmental impact of each project financed under the global loan will be assessed by PRO-PME in accordance with instructions issued by the EIB, which will verify that the projects comply with the environmental standards that it normally applies.

The Bank's procurement rules for global loans will apply.

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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