Signature(s)
Amount
€ 54,600,000
Sector(s)
Credit lines
: € 25,000,000
Services
: € 29,600,000
Signature date(s)
10/12/2004 : € 4,600,000
10/12/2004 : € 25,000,000
10/12/2004 : € 25,000,000
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Data sheet
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Summary sheet
Release date
28 July 2004
Status
Reference
Signed | 10/12/2004
20030186
Project name
Promoter - financial intermediary
BOAD IV Global Loan
West African Development Bank (BOAD).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Indicative amounts: EUR 25 million for the Global Loan from EIB own resources; EUR 25 million for the Guarantee Facility made available under the Investment Facility; EUR 4.6 million for the participation in the capital increase (IF).
The EIB loan will cover a maximum of 50% of the total cost of each project financed.
Location
Sector(s)
Description
Objectives
- Global loan to finance projects promoted by enterprises in the private and commercial public sectors in WAEMU member countries.
- Guarantee facility in the form of i) a partial guarantee for BOAD loans to enterprises and ii) a partial counter-guarantee for BOAD guarantees on an enterprise's bond issues or similar securities.
- Participation in BOAD's capital increase drawing on Investment Facility resources: from 0.3% to 0.6% of capital.
To underpin and develop West African Development Bank (BOAD) operations in support of the private sector, promote a wider gamut of financial instruments and bolster the regional capital market.
Environmental aspects
Procurement
The policy and procedures manual for environmental management, recently adopted by BOAD's Board of Directors, is satisfactory.
The Bank's procurement rules for global loans will apply.
Comments
Industrial, agribusiness, mining, tourism and service sectors.
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Summary sheet
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Data sheet
News & Stories
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