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CAP-VERT PG SECTEUR FINANCIER

Signature(s)

Amount
€ 5,000,000
Countries
Sector(s)
Cape Verde : € 5,000,000
Credit lines : € 5,000,000
Signature date(s)
6/05/2003 : € 5,000,000
Link to source
Data sheet
CAP-VERT PG SECTEUR FINANCIER
Other links
Summary sheet
Financial Sector Global Loan – Cape Verde

Summary sheet

Release date
27 November 2002
Status
Reference
Signed | 06/05/2003
20020448
Project name
Promoter - financial intermediary
Financial Sector Global Loan – Cape Verde

Banco Comercial do Atlantico (BCA)
Banco Interatlantico (BIA)
Caixa Economica de Cabo Verde (CAIXA)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
Not applicable
Location
Sector(s)
Description
Objectives

Credit line for financing small and medium-sized enterprises in Cape Verde through medium and long-term loans

(i) to improve the access of Cape Verde's private enterprises to medium and long-term bank financing for their investment projects; and (ii) to bolster the capacity of the financial intermediaries to support such investment with tailor-made finance by providing them with long-term resources.

Environmental aspects
Procurement

The environmental impact of each venture financed under the global loan will be assessed by the financial intermediaries in accordance with the instructions issued by the EIB, which will ensure that the ventures comply with the environmental standards that it normally applies.

The Bank's procurement rules for global loans will apply.

Comments

Industry, agro-industry, tourism and related service sectors, health and education

Link to source
Summary sheet
Financial Sector Global Loan – Cape Verde
Other links
Data sheet
CAP-VERT PG SECTEUR FINANCIER

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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