Release date: 5 January 2006
Promoter – Financial Intermediary
Banque de Développement des Etats d'Afrique Centrale (BDEAC)
Mr A Malloum
Finance Department Director
Place du Gouvernement
BP 1177 Brazzaville
Location
Description
Credit line for financing projects promoted by private enterprises in CEMAC Member States. Partial guarantee for BDEAC loans to private sector enterprises.
Objectives
The proposed operation will provide the financial intermediary with long-term resources and serve to improve the financial terms offered to final beneficiaries in a targeted manner. It will also support the private sector in the CEMAC region, thereby contributing to job creation, economic diversification and the reduction of poverty.
Comments
Industrial, agro-industrial, mining and service sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 15m for the credit line. EUR 5m for the partial guarantee for loans.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The EIB will assist BDEAC in the area of environmental impact assessment in order to ensure that projects supported comply with the Bank’s requirements.
Procurement
The BDEAC undertakes to ensure that the EIB's procurement criteria are observed.
Status
Signed - 24/05/2006
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).