Release date: 18 May 2011
Promoter – Financial Intermediary
The Caribbean Development Bank (“CDB”), a sub-regional multilateral development finance institution headquartered in Barbados.
Location
Description
The line of credit will be used to finance both public and private sector projects, including SMEs, within CDB’s BMCs and in CDB’s eligible sectors.
Objectives
This operation aims to support: 1) regional integration through infrastructure and private sector development; and 2) climate action projects.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
All projects financed under the proposed line of credit will be required to comply with the relevant national or regional framework, to be acceptable in environmental terms to the EIB and in line with EU environmental policy.
Procurement
EIB procurement guidelines for credit lines will be applied.
Status
Signed - 29/12/2011