Release date: 3 April 2009
Promoter – Financial Intermediary
Banque de Développement des États d’Afrique Centrale (BDEAC)
Contact: Mr Basile Tchakounte, Director of Finance Department, Place du Gouvernement, BP 1177, Brazzaville, Republic of the Congo
Location
Description
Credit line for financing projects promoted by private enterprises in Member States of the Central African Economic and Monetary Community (CEMAC).
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financing of each project under this credit line will be conditional upon compliance with EU and national laws and guidelines on environmental protection.
Procurement
Each allocation under this credit line will be conditional upon compliance with EU directives and national laws and regulations.
Status
Signed - 26/08/2009