Release date: 21 February 2013
Promoter – Financial Intermediary
Banque de TahitiLocation
Description
Global loan for long-term financing of investment projects being implemented by (i) private sector SMEs and Mid-Caps operating in productive sectors and (ii) commercially run public sector companies in French Polynesia.
Objectives
Improving access to term finance under favourable conditions, the operation will support French Polynesia's strategy for enhancing economic growth and employment through the financing of small and medium scale productive investments in eligible sectors. Projects will be carried out by the final beneficiaries in line with the conditions for the implementation of the EIB Global Loans.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary (Banque de Tahiti) shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.
Procurement
The financial intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the investments that the Bank finances are in accordance with the EIB Guide to Procurement and national procurement legislation.
Status
Signed - 22/03/2013
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).