REPUBLIC BANK OF TRINIDAD & TOBAGO
Project Number:
TT1011A-01
Expected Consideration Date by the Board:
05/20/1999
Date Posted:
04/19/1999
Company:
Republic Bank Limited
Financing Requested:
Sector:
Financial Services
Location:
Caribbean Region
Country:
Scope Objective:
The project consists of a $40 million credit line to Republic Bank Limited. Of this total, $10 million will be funded by the IIC, and $30 million will be raised on a best-efforts basis from international banks under IIC's cofinancing program. The Bank will use the loan proceeds to finance small and medium-size companies in Trinidad and Tobago, Barbados, Guyana, Suriname, Jamaica, Belize, and the Bahamas (the "eligible jurisdictions"). All subloans will be on commercial terms.
Environmental Review:
Each subborrower must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental policies. Each subborrower must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. Certification will be required that projects sponsored by a subborrower will meet all applicable laws, regulations, and policies regarding the environment and occupational health and safety.
