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    Signature(s)

    Amount
    € 5,000,000
    Countries
    Sector(s)
    Congo (Democratic Republic) : € 5,000,000
    Credit lines : € 5,000,000
    Signature date(s)
    3/11/2010 : € 5,000,000
    Link to source
    Other links
    Summary sheet

    Summary sheet

    Release date
    26 May 2010
    Status
    Reference
    Signed | 03/11/2010
    20100035
    Project name
    Promoter - financial intermediary
    RAWBANK Global Loan
    Financial intermediary: RAWBANK
    Contact person: Mr Thierry Taeymans
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to the equivalent of EUR 5 million (maximum)
    Not applicable
    Description
    Objectives

    Line of credit for financing long-term loans in USD for investment projects operating in productive and services sector in DRC.

    Financing of investments of small/medium-sized as well as micro enterprises in DRC.

    Environmental aspects
    Procurement

    All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework.

    RAWBANK 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 when applicable.

    Link to source
    Summary sheet
    Other links

    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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