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Signature(s)

Amount
€ 14,000,000
Countries
Sector(s)
French Polynesia : € 14,000,000
Credit lines : € 14,000,000
Signature date(s)
15/10/2014 : € 6,000,000
15/10/2014 : € 8,000,000

Summary sheet

Release date
2 April 2014
Status
Reference
Signed | 15/10/2014
20130661
Project name
Promoter - financial intermediary
BANQUE DE TAHITI ENVIRONMENTAL AND MF GL
Banque de Tahiti (BdT)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 14 million
Not applicable.
Location
Sector(s)
Description
Objectives

Two lines of credit to provide medium- to long-term financing: (1) to small and medium scale projects in the renewable energy,
environmental and waste treatment sectors (EUR 8.0m); (2) to micro and small enterprises (EUR 6.0m).

The environmental line of credit will encourage French Polynesian private and commercially-run public sector companies to preserve the environment, contribute to initiatives to harness energy and promote the development of green energy. The microfinance line of credit will allow increased access to medium- and long-term funding for micro and small enterprises (MSEs).

Environmental aspects
Procurement

The EIB will require BdT to ensure that final beneficiaries comply with the principles embodied in the EU environmental laws and procedures and follow the EIB Statement of Environmental and Social Principles and Standards.
For the environmental line of credit, BdT will first submit to the EIB a list of environmental projects that are likely to be suitable for financing through this credit line.

BdT will be required to ensure that any procurement procedures carried out by the final beneficiaries for the investments that the Bank finances are in accordance with the EIB Guide to Procurement and national procurement legislation.

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.
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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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