Release date: 16 April 2010
Promoter – Financial Intermediary
State Bank of Mauritius (SBM)
Location
Description
Credit Line on EIB’s own resources to State Bank of Mauritius.
Objectives
The Credit Line is to support the availability of term finance for private Mauritian small to medium-sized projects. Proceeds from the loan will finance small to medium-sized projects in the private sector in Mauritius (or in other Cotonou partner countries of the Indian Ocean region).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Appraisal of environmental procedures of SBM will be examined and institutional support will be provided by EIB where necessary.
Procurement
Sub-loan contracts with final beneficiaries are to ensure economy and efficiency in procurement of goods and services.
The legal documentation will oblige the intermediary bank to ensure that procurement procedures are carried out in accordance with EIB Guidelines and the relevant applicable EU rules.
Status
Signed - 16/05/2011
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).