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Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Rwanda : € 10,000,000
Credit lines : € 10,000,000
Signature date(s)
21/12/2006 : € 3,000,000
2/02/2007 : € 7,000,000
Link to source

Summary sheet

Release date
19 October 2006
Status
Reference
Signed | 21/12/2006
20060307
Project name
Promoter - financial intermediary
Rwanda Global Loan II - Private Sector Support
  • Banque Rwandaise De Développement (Contact person : Mr. Théogène Turatsinze ; Fax No : 250 - 573569)
  • Banque Commerciale du Rwanda ( Contact Person : Mr. David Kuwana ; Fax No : 250 - 593395)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 10 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Line of Credit for on-lending in the form of medium and long-term financing in Euros and local currency.

Financing of Rwandan companies, particularly Small and Medium sized, and micro enterprises.

Environmental aspects
Procurement

Investors in Rwanda are required to respect the national legislation on the matter. The selected banks do recognise that environmental risks have to be part of the standard risk assessment procedures.

The financial intermediaries will ensure that equipment, works and services to be financed will be procured at the most advantageous prices, having regard to quality and efficiency, and that an open international bidding procedure will be followed where appropriate.

Comments

Sectors eligible under the Cotonou Agreement, including, agribusiness, manufacturing, transport, construction, energy, health and education, and services amongst others.

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

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Alternatively, the EIB can be contacted through its external offices.
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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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