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    Reference: 20200338
    Release date: 26 May 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),BANQUE CALEDONIENNE D'INVESTISSEMENT

    Location

    Description

    The Overseas Countries and Territories (OCTs) Financial Sector Facility is a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular for micro, small and medium sized enterprises (SMEs) in New Caledonia and French Polynesia.

    Objectives

    The main objective is to support on-lending by financial intermediaries to private sector projects carried out by SMEs and midcaps.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 36 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 15/12/2020

    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

    French Polynesia New Caledonia Credit lines