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    Signature(s)

    Amount
    € 8,000,000
    Countries
    Sector(s)
    Dominica : € 8,000,000
    Credit lines : € 8,000,000
    Signature date(s)
    14/07/2010 : € 8,000,000
    Link to source

    Summary sheet

    Release date
    14 December 2009
    Status
    Reference
    Signed | 14/07/2010
    20090556
    Project name
    Promoter - financial intermediary
    AIDBANK Global Loan III

    Dominica Agricultural Industrial and Development Bank(“AIDBANK”).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to USD 11 million.
    Not applicable. The EIB total financing should not exceed 50% of the cost of the final sub-projects, with the balance of the financing to be sourced from the final beneficiary or other external financiers.
    Location
    Sector(s)
    Description
    Objectives

    Line of credit to finance AIDBANK's lending programme for the period 2009-2014.

    The operation is intended to support the growth and development of Dominican private enterprises and commercially-run public sector entities, thereby contributing to 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 financial intermediary will ensure compliance with the Bank’s procurement guidelines.

    Link to source

    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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    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.

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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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