IDC V Line of Credit

Promoter – Financial Intermediary

Industrial Development Corporation of South Africa (IDC)

Location

• South Africa

Description

Line of credit for on-lending to private sector small and medium sized South African companies.

Objectives

Improve the availability of long-term funding in order to help the SMEs to develop and expand their operations, and hence create employment.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 60 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The financial intermediary will be requested to ensure compliance of the sub-projects with both national standards and international recommendations in the field of environment and the protection of nature conservation sites, as appropriate.

Procurement

The financial intermediary will be requested to ensure compliance of the sub-projects with the Bank’s procurement guidelines, as appropriate.

Status

Signed - 8/05/2009