Release date: 9 December 2020
Promoter – Financial Intermediary
BARBADOSLocation
Description
Loan to finance a range of health sector interventions to support the national emergency preparedness and response to COVID-19 in Barbados.
Objectives
The objective of the operation is to help the Government of Barbados meet emergency needs in the health sector related to COVID-19, as well as financing of pandemic preparedness medium-term interventions included in the national response plans. The project is key: first, to save human lives and second, to prepare the system for a further escalation and spread of the COVID-19 pandemic in the country, which is already happening.
Comments
The project will contribute towards the achievement of Sustainable Development Goals (SDGs), in particular SDG 3 (Good Health and Well-Being), SDG 5 (Gender Equality) and SDG 1 (No Poverty), to which both the EU and the EIB are fully committed.
Sector(s)
- Health - Human health and social work activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 60 million
Environmental aspects
The Bank will require the Promoter to ensure that the implementation of the project will be done in accordance with the Bank's Environmental and Social principles and standards.
Procurement
The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 14/06/2021
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).