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    Reference: 20180230
    Release date: 25 October 2018

    Promoter – Financial Intermediary

    FONDS DE DEVELOPPEMENT INDUSTRIEL

    Location

    Description

    The project consists of a loan to Haiti's Fonds de Développement Industriel (FDI), which in turn will on-lend to eligible small and medium-sized enterprises (SMEs).

    Objectives

    This project will improve competitiveness and access to finance at favourable conditions for SMEs in Haiti.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the European Investment Bank's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.

    Procurement

    The Bank will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.

    Status

    Signed - 3/12/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Haiti Credit lines