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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Regional - Caribbean : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    29/12/2011 : € 50,000,000

    Summary sheet

    Release date
    18 May 2011
    Status
    Reference
    Signed | 29/12/2011
    20110215
    Project name
    Promoter - financial intermediary
    Caribbean Development Bank VI

    The Caribbean Development Bank (“CDB”), a sub-regional multilateral development finance institution headquartered in Barbados.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 50 million
    Not applicable
    Description
    Objectives

    The line of credit will be used to finance both public and private sector projects, including SMEs, within CDB’s BMCs and in CDB’s eligible sectors.

    This operation aims to support: 1) regional integration through infrastructure and private sector development; and 2) climate action projects.

    Environmental aspects
    Procurement

    All projects financed under the proposed line of credit will be required to comply with the relevant national or regional framework, to be acceptable in environmental terms to the EIB and in line with EU environmental policy.

    EIB procurement guidelines for credit lines will be applied.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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