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Signature(s)

Amount
€ 5,000,000
Countries
Sector(s)
Saint Lucia : € 5,000,000
Credit lines : € 5,000,000
Signature date(s)
20/11/2020 : € 5,000,000

Summary sheet

Release date
29 April 2020
Status
Reference
Signed | 20/11/2020
20190914
Project name
Promoter - financial intermediary
ST LUCIA DEVELOPMENT BANK MSMES COVID-19
SAINT LUCIA DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
not applicable
Location
Sector(s)
Description
Objectives

A loan to Saint Lucia Development Bank for boosting access to finance for micro, small and medium enterprises, in particular those impacted by the Covid-19 breakout. The loan will be covered by the Saint Lucia sovereign guarantee.

Financing of micro, small and medium enterprises in Saint Lucia.

Environmental aspects
Procurement

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

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

Related projects
Link to source

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).

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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