Release date: 20 November 2003
Promoter – Financial Intermediary
- Banque Agricole et Commerciale du Burkina (BACB),
- Banque Internationale pour le Commerce, l'Industrie et l'Agriculture du Burkina (BICIAB),
- Bank of Africa (BOA),
- Société Générale de Banques au Burkina Faso (SGBB)
- Burkina Bail
Location
Description
Two credit lines extended to BACB, BICIAB, BOA and SGBB on the one hand, and to Burkina Bail on the other, for financing small and medium-sized enterprises
Objectives
To improve the intermediaries' access to medium and long-term resources in order to promote the financing of SME ventures through loans and leasing operations, thereby contributing to the enhanced competitiveness and growth of the private sector in Burkina Faso.
Comments
Sectors eligible under the Cotonou Agreement
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 m for the four banks and EUR 2 m for Burkina Bail
Total cost (Approximate amount)
Not applicable
Environmental aspects
The environmental impact of each venture financed under the global loans will be assessed by the intermediaries in accordance with the instructions issued by the EIB, which will ensure that the projects comply with the environmental standards that it normally applies.
Procurement
Supplies, services and works contracts in respect of ventures financed will be awarded in accordance with the appropriate procedures - international or national competitive bidding or enquiries depending on the type of project.
Status
Signed - 8/12/2003
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).