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Reference: 20060101
Release date: 2 March 2007

Promoter – Financial Intermediary

Caribbean Development Bank (CDB)

Location

Description

Establishment of a loan guarantee facility of up to EUR 20 million for the purpose of facilitating CDB’s private sector lending operations in sectors eligible under the Cotonou Agreement.

Objectives

A cross cutting objective of CDB is to develop the private sector with a view to improving the long term productive capacity of the Caribbean. The proposed loan guarantee facility under which the EIB would provide partial guarantees for specific loan operations priced in line with the credit risk policy for the Investment Facility, would be used by CDB to create more headroom for taking on private sector risks, and thus increase its role as financier in this sector.

Comments

Financial sector.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 20 million in total.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

CDB has a well developed set of environmental policies and guidelines based upon multilateral financial institution best practice, with its lending operations supported by highly qualified technical, economic and environmental project staff.

Procurement

The Bank’s standard procurement guidelines applicable will apply for projects included under the loan guarantee facility.

Status

Signed - 19/12/2006

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).

Related tags

Regional - Caribbean Services