Brussels, 26/03/2013 (Agence Europe) - On 25 March, the European Investment Bank (EIB) announced it had agreed to provide a loan of €8 million to the Banque de Tahiti with a view to supporting long-term financing of eligible investment projects by small and medium-sized enterprises (SMEs) in French Polynesia. The Banque de Tahiti will match the EIB loan with an equivalent amount.
EIB intervention is expected to boost the creation of new jobs in SMEs in French Polynesia and to support the territory's established strategy for economic diversification and growth. “A strong pipeline of eligible projects has already been identified in the renewable energy, health and education, transport and environment sectors”, the EIB states in a press release. (OL/transl.jl)