Signature(s)
Summary sheet
Development Bank of Saint Kitts and Nevis (“DBSKN”)
Line of credit to finance DBSKN's small and medium-sized enterprises lending programme.
The operation is intended to support the growth and development of Saint Kitts and Nevis small and medium-sized enterprises, thereby contributing to employment, economic growth and diversification, as well as development of the country’s financial infrastructure.
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.