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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Mauritius : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    16/05/2011 : € 30,000,000
    Link to source

    Summary sheet

    Release date
    16 April 2010
    Status
    Reference
    Signed | 16/05/2011
    20090787
    Project name
    Promoter - financial intermediary
    SBM Line of Credit II

    State Bank of Mauritius (SBM)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Credit Line on EIB’s own resources to State Bank of Mauritius.

    The Credit Line is to support the availability of term finance for private Mauritian small to medium-sized projects. Proceeds from the loan will finance small to medium-sized projects in the private sector in Mauritius (or in other Cotonou partner countries of the Indian Ocean region).

    Environmental aspects
    Procurement

    Appraisal of environmental procedures of SBM will be examined and institutional support will be provided by EIB where necessary.

    Sub-loan contracts with final beneficiaries are to ensure economy and efficiency in procurement of goods and services.
    The legal documentation will oblige the intermediary bank to ensure that procurement procedures are carried out in accordance with EIB Guidelines and the relevant applicable EU rules.

    Link to source
    Summary sheet

    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.
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