DFLSA (Creation of private sector development bank)

Reference: 20000471
Release date: 7 March 2002

Promoter – Financial Intermediary

Guyana Manufacturers' Association (GMA) and Development Finance Ltd (DFL) from Trinidad

Location

Regional - Caribbean

Description

Setting up of a private sector development bank to provide long-term funding to small- and medium-scale enterprises for investment purposes, in the manufacturing, agro-industrial, mining, tourism, information technology and related services sectors.

Objectives

The objective of the operation is to provide financing and enterprise development services for the creation, development and expansion of small- and medium scale enterprises in the productive sectors of Guyana and Suriname.

Comments

Financial sector operation

Sector(s)

Services

Proposed EIB finance (Approximate amount)

EUR 1 million 8% cumulative redeemable and convertible preference shares; EUR 4 million subordinated loan.

Total cost (Approximate amount)

EUR 17.5 million

Environmental aspects

Investments made from these funds are expected to comply with environmental requirements for EIB financed projects. Larger projects may require an Environmental Impact Assessment.

Procurement

Not applicable

Status

Signed - 10/12/2004

Project data sheet(s)

DFLSA GLOBAL FACILITIES

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Related publications

Related tags

Regional - Caribbean Services