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DFL VIII

Signature(s)

Amount
€ 6,000,000
Countries
Sector(s)
Trinidad and Tobago : € 6,000,000
Credit lines : € 6,000,000
Signature date(s)
17/06/2002 : € 6,000,000
Link to source
Data sheet
DFL VIII
Other links
Summary sheet
Development Finance Ltd VIII

Summary sheet

Release date
7 March 2002
Status
Reference
Signed | 17/06/2002
20010571
Project name
Promoter - financial intermediary
Development Finance Ltd VIII
Development Finance Ltd (DFL), Port of Spain, Trinidad & Tobago
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 6 million
EUR 9 million (total funds committed to these investments)
Sector(s)
Description
Objectives

Line of credit to Caribbean Development Capital Ltd, subsidiary of DFL for the making of equity and quasi-equity investments in small and medium-sized enterprises in Southern and Eastern Caribbean. Sectors targeted will be industry, agro-industry, IT, tourism and related services.

To help promote increased economic diversification in a number of the countries in Southern and Eastern Caribbean through the provision of risk capital resources to SMEs involved in non-traditional sectors.

Environmental aspects
Procurement

Investments made from these funds are expected to comply with environmental standards for EIB financed projects. Larger projects may require an Environmental Impact Assesment.

Not applicable

Comments

Financial sector operation

Link to source
Summary sheet
Development Finance Ltd VIII
Other links
Data sheet
DFL VIII

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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