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ST LUCIA DEVELOPMENT BANK MSMES COVID-19

Signature(s)

Amount
€ 5,000,000
Countries
Sector(s)
Saint Lucia : € 5,000,000
Credit lines : € 5,000,000
Signature date(s)
20/11/2020 : € 5,000,000
Link to source
Data sheet
ST LUCIA DEVELOPMENT BANK MSMES COVID-19
Other links
Summary sheet
ST LUCIA DEVELOPMENT BANK MSMES COVID-19
Parent project
ACP GLOBAL AUTHORISATION IX

Summary sheet

Release date
29 April 2020
Status
Reference
Signed | 20/11/2020
20190914
Project name
Promoter - financial intermediary
ST LUCIA DEVELOPMENT BANK MSMES COVID-19
SAINT LUCIA DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
not applicable
Location
Sector(s)
Description
Objectives

A loan to Saint Lucia Development Bank for boosting access to finance for micro, small and medium enterprises, in particular those impacted by the Covid-19 breakout. The loan will be covered by the Saint Lucia sovereign guarantee.

Financing of micro, small and medium enterprises in Saint Lucia.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Related projects
Parent project
ACP GLOBAL AUTHORISATION IX
Link to source
Summary sheet
ST LUCIA DEVELOPMENT BANK MSMES COVID-19
Other links
Data sheet
ST LUCIA DEVELOPMENT BANK MSMES COVID-19

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.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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