Signature(s)
Amount
€ 35,770,000
Countries
Sector(s)
New Caledonia
: € 35,770,000
Credit lines
: € 35,770,000
Signature date(s)
16/12/2021 : € 15,770,000
15/12/2020 : € 20,000,000
Link to source
Other links
Summary sheet
Release date
26 May 2020
Status
Reference
Signed | 15/12/2020
20200338
Project name
Promoter - financial intermediary
PACIFIC OCTS COVID-19 FINANCIAL SECTOR FACILITY
ACCEPTABLE BANK(S),BANQUE CALEDONIENNE D'INVESTISSEMENT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 36 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The Overseas Countries and Territories (OCTs) Financial Sector Facility is a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular for micro, small and medium sized enterprises (SMEs) in New Caledonia and French Polynesia.
The main objective is to support on-lending by financial intermediaries to private sector projects carried out by SMEs and midcaps.
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.
Link to source
Summary sheet
Other links