Release date: 7 March 2002
Promoter – Financial Intermediary
Development Finance Ltd (DFL), Port of Spain, Trinidad & TobagoDescription
Line of credit to Caribbean Development Capital Ltd, subsidiary of DFL for the making of equity and quasi-equity investments in small and medium-sized enterprises in Southern and Eastern Caribbean. Sectors targeted will be industry, agro-industry, IT, tourism and related services.
Objectives
To help promote increased economic diversification in a number of the countries in Southern and Eastern Caribbean through the provision of risk capital resources to SMEs involved in non-traditional sectors.
Comments
Financial sector operation
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 6 million
Total cost (Approximate amount)
EUR 9 million (total funds committed to these investments)
Environmental aspects
Investments made from these funds are expected to comply with environmental standards for EIB financed projects. Larger projects may require an Environmental Impact Assesment.
Procurement
Not applicable
Status
Signed - 17/06/2002
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).