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Signature(s)

Amount
€ 9,984,690.14
Countries
Sector(s)
Saint Lucia : € 9,984,690.14
Credit lines : € 9,984,690.14
Signature date(s)
18/12/2009 : € 9,984,690.14
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Summary sheet

Release date
9 September 2009
Status
Reference
Signed | 18/12/2009
20090555
Project name
Promoter - financial intermediary
Bank of Saint Lucia Global Loan II.
Bank of Saint Lucia Ltd.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to USD 15 million.
Not applicable.
Location
Sector(s)
Description
Objectives

The operation will provide financing to small and medium-sized enterprises in the private sector in Saint Lucia.

The operation is intended to support the growth and development of Saint Lucian enterprises, thereby contributing to the employment, economic growth and diversification, as well as development of the country’s financial infrastructure.

Environmental aspects
Procurement

The financial intermediary will ensure that the projects to be financed will comply with the EIB’s environmental standards. The financial intermediary’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.

Assets to be financed will be procured on a competitive basis taking into account the nature and size of the goods and services to be purchased. The promoter will ensure compliance with the Bank’s procurement guidelines.

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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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