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BDEAC PRET GLOBAL III

Signature(s)

Amount
€ 15,000,000
Sector(s)
Credit lines : € 15,000,000
Signature date(s)
24/05/2006 : € 15,000,000
Link to source
Data sheet
BDEAC PRET GLOBAL III
Other links
Summary sheet
BDEAC Global Loan III
Related press
EIB to support private sector development in Central Africa

Summary sheet

Release date
5 January 2006
Status
Reference
Signed | 24/05/2006
20050251
Project name
Promoter - financial intermediary
BDEAC Global Loan III

Banque de Développement des Etats d'Afrique Centrale (BDEAC)
Mr A Malloum
Finance Department Director
Place du Gouvernement
BP 1177 Brazzaville

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 15m for the credit line. EUR 5m for the partial guarantee for loans.
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line for financing projects promoted by private enterprises in CEMAC Member States. Partial guarantee for BDEAC loans to private sector enterprises.

The proposed operation will provide the financial intermediary with long-term resources and serve to improve the financial terms offered to final beneficiaries in a targeted manner. It will also support the private sector in the CEMAC region, thereby contributing to job creation, economic diversification and the reduction of poverty.

Environmental aspects
Procurement

The EIB will assist BDEAC in the area of environmental impact assessment in order to ensure that projects supported comply with the Bank’s requirements.

The BDEAC undertakes to ensure that the EIB's procurement criteria are observed.

Comments

Industrial, agro-industrial, mining and service sectors.

Link to source
Summary sheet
BDEAC Global Loan III
Other links
Data sheet
BDEAC PRET GLOBAL III
Related press
EIB to support private sector development in Central Africa

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

Link to source
Related press
EIB to support private sector development in Central Africa
Other links
Data sheet
BDEAC PRET GLOBAL III
Summary sheet
BDEAC Global Loan III

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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