Release date: 4 January 2006
Promoter – Financial Intermediary
Banco ADEMILocation
Description
Global loan facility to finance SMEs in the Dominican Republic. An equity subscription to participate in planned capital increases to take place within the next 2 years.
Objectives
Provision of longer term financing for smaller and medium sized enterprises.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 3 million for the global loan and up to EUR 0.75 million for the equity participation.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary, Banco ADEMI undertakes environmental screening of projects. This includes ensuring before any disbursements take place that proposed operations have received the required environmental approvals based upon environmental impact assessments where appropriate. Under the proposed loan, EIB would retain the right to require further investigation to ensure that projects financed comply with the Bank's environmental guidelines.
Procurement
The Bank's standard procurement guidelines applicable to global loans operations will apply.
Status
Under appraisal - 4/01/2006
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).