Release date: 13 January 2003
Promoter – Financial Intermediary
- Bank of Nova Scotia Jamaica Ltd
- First Caribbean International Bank (Jamaica) Ltd
- Trafalgar Development Bank Ltd
Location
Description
Loan from risk capital resources to selected intermediaries for onlending either in Jamaica or US dollars, on market related terms, to local private enterprises
Objectives
To assist in the provision of long term loan funds for investment projects of small and medium-sized entreprises.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EIB funds may be used to finance up to 50% of any single investment.
Environmental aspects
All enterprises benefiting from the proposed funds will be expected to fulfil national environmental legislation. Such fulfilment will be part of both the Bank’s and the intermediaries’ due diligence of each project proposed.
Status
Signed - 20/12/2002
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).