Release date: 30 May 2008
Promoter – Financial Intermediary
DFL Caribbean Holdings Ltd.Location
Description
The operation will provide financing to small and medium-sized enterprises in the private sector throughout the Caribbean region.
Objectives
The operation is intended to support the growth and development of Caribbean enterprises, thereby contributing to employment, economic growth and diversification, as well as development of the region’s financial infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 9.0 million (USD 14.2 million).
Total cost (Approximate amount)
EUR 18 million (USD 28.3 million).
Environmental aspects
The promoter will ensure that the projects to be financed will comply with the EIB’s environmental standards. The promoter’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.
Procurement
Assets to be financed will be procured on a competitive basis taking into account the nature and size of the goods and services to be purchased. The promoter ensures compliance with the Bank’s procurement guidelines when supporting procurement by the final beneficiaries.
Status
Signed - 22/12/2008
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).