The purpose of the investment is to help BCN increase access to finance to small and medium enterprises (“SMEs”), including women-owned SMEs requiring long term finance, and to help the Bank grow its trade finance business. The proposed investments consist of a 5-year senior loan of up to EUR5.0 million and a Trade Line of up to US$2.0 million.
The proposed ivestments consist of: (i) a 5-year senior loan of up to EUR5.0 million equivalent to US$5.9M, 25% (EUR1.25m, or US$1.5m) of this senior loan will be carved out for financing to Women owned SMEs; and (ii) a Trade Line of up to US$2.0 million to BCN.
BANCO CABOVERDIANO DE NEGOCIOS
Ana Carvalho Vicente
Director, Finance & International Management
Ave. Amilcar Cabral, CP n.º97, Praia
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/