Release date: 17 November 2005
Promoter – Financial Intermediary
Caribbean Development BankLocation
Description
Line of credit from EIB own resources to support CDB lending operations in the Caribbean and, as a second phase, an investment in CDB's share capital and a guarantee facility from IF Resources.
Objectives
Global loan to finance small and medium sized projects in the Caribbean region.
Comments
All sectors eligible under CDB guidelines including inter alia agriculture, agro industry, manufacturing, tourism, transport, education, power, water and environmental protection.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
All investments financed under the proposed loan will be required to comply with the relevant legal framework in borrowing countries and to be acceptable in environmental terms to the Bank.
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 21/12/2005
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).