Signature(s)
Amount
€ 60,000,000
Countries
Sector(s)
South Africa
: € 60,000,000
Credit lines
: € 60,000,000
Signature date(s)
8/05/2009 : € 60,000,000
Link to source
Data sheet
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Summary sheet
Release date
17 September 2008
Status
Reference
Signed | 08/05/2009
20080322
Project name
Promoter - financial intermediary
IDC V Line of Credit
Industrial Development Corporation of South Africa (IDC)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million.
Not applicable.
Location
Sector(s)
Description
Objectives
Line of credit for on-lending to private sector small and medium sized South African companies.
Improve the availability of long-term funding in order to help the SMEs to develop and expand their operations, and hence create employment.
Environmental aspects
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with both national standards and international recommendations in the field of environment and the protection of nature conservation sites, as appropriate.
The financial intermediary will be requested to ensure compliance of the sub-projects with the Bank’s procurement guidelines, as appropriate.
Link to source
Summary sheet
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Data sheet
News & Stories
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