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Signature(s)

Amount
€ 40,000,000
Sector(s)
Credit lines : € 40,000,000
Signature date(s)
22/12/2005 : € 40,000,000
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Summary sheet

Release date
17 November 2005
Status
Reference
Signed | 21/12/2005
20050170
Project name
Promoter - financial intermediary
Caribbean Development Bank III Facility
Caribbean Development Bank
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million.
Not applicable.
Description
Objectives

Line of credit from EIB own resources to support CDB lending operations in the Caribbean and, as a second phase, an investment in CDB's share capital and a guarantee facility from IF Resources.

Global loan to finance small and medium sized projects in the Caribbean region.

Environmental aspects
Procurement

All investments financed under the proposed loan will be required to comply with the relevant legal framework in borrowing countries and to be acceptable in environmental terms to the Bank.

The Bank’s standard procurement guidelines applicable to Global Loans will apply.

Comments

All sectors eligible under CDB guidelines including inter alia agriculture, agro industry, manufacturing, tourism, transport, education, power, water and environmental protection.

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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).

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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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