Release date: 14 December 2009
Promoter – Financial Intermediary
Dominica Agricultural Industrial and Development Bank(“AIDBANK”).
Location
Description
Line of credit to finance AIDBANK's lending programme for the period 2009-2014.
Objectives
The operation is intended to support the growth and development of Dominican private enterprises and commercially-run public sector entities, thereby contributing to employment, economic growth and diversification, as well as development of the country’s financial infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 11 million.
Total cost (Approximate amount)
Not applicable. The EIB total financing should not exceed 50% of the cost of the final sub-projects, with the balance of the financing to be sourced from the final beneficiary or other external financiers.
Environmental aspects
The financial intermediary will ensure that the projects to be financed will comply with the EIB’s environmental standards. The financial intermediary’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.
Procurement
Assets to be financed will be procured on a competitive basis taking into account the nature and size of the goods and services to be purchased. The financial intermediary will ensure compliance with the Bank’s procurement guidelines.
Status
Signed - 14/07/2010
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).