Release date: 9 September 2009
Promoter – Financial Intermediary
Bank of Saint Lucia Ltd.Location
Description
The operation will provide financing to small and medium-sized enterprises in the private sector in Saint Lucia.
Objectives
The operation is intended to support the growth and development of Saint Lucian enterprises, thereby contributing to the employment, economic growth and diversification, as well as development of the country’s financial infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 15 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary will ensure that the projects to be financed will comply with the EIB’s environmental standards. The financial intermediary’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 will ensure compliance with the Bank’s procurement guidelines.
Status
Signed - 18/12/2009
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).