REPUBLIC BANK OF TRINIDAD & TOBAGO
Expected Consideration Date by the Board:
Republic Bank Limited
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.
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.