Release date: 2 April 2014
Promoter – Financial Intermediary
Banque de Tahiti (BdT)Location
Description
Two lines of credit to provide medium- to long-term financing: (1) to small and medium scale projects in the renewable energy,
environmental and waste treatment sectors (EUR 8.0m); (2) to micro and small enterprises (EUR 6.0m).
Objectives
The environmental line of credit will encourage French Polynesian private and commercially-run public sector companies to preserve the environment, contribute to initiatives to harness energy and promote the development of green energy. The microfinance line of credit will allow increased access to medium- and long-term funding for micro and small enterprises (MSEs).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 14 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The EIB will require BdT to ensure that final beneficiaries comply with the principles embodied in the EU environmental laws and procedures and follow the EIB Statement of Environmental and Social Principles and Standards.
For the environmental line of credit, BdT will first submit to the EIB a list of environmental projects that are likely to be suitable for financing through this credit line.
Procurement
BdT 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 - 15/10/2014