Algérie - Deuxième Ligne de Crédit au Crédit Populaire d'Algérie (CPA)


Project Summary

Approval Date 10 Dec 1996
Signature Date 07 May 1997
Planned Completion Date 30 Jun 2001
Last Disbursement Planned Date 30 Jun 2001
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 87,461,145.21
Status Completion

Project General Description

This intervention relates to the Second Credit Line to "Crédit Populaire d'Algérie (CPA)". It consists of a line of credit of UA 100 million. This line of credit is intended to finance the direct and indirect foreign currency costs of goods and services to be acquired in connection with the implementation of sub-projects in the industrial and service sectors. The line of credit should make it possible to finance productive investments, thus contributing to economic recovery in general and to the recovery of activities in the industrial sector in particular. The project's achievements consist mainly of sub-projects financed under the credit line for the acquisition of equipment and materials from industrial units or operating services.

Project Objectives

The main objective of the project is to contribute to the achievement of GDP growth. In addition, it aims to develop SMEs/ SMIs in the service industry sectors.

Beneficiaries

The direct beneficiary of the credit line is Crédit Populaire d'Algérie (CPA). In addition, this credit line should be on-lent to SMEs in the service industry sectors.

Participating Organization

Funding
African Development Bank
Implementing
CREDIT POPULAIRE D'ALGERIE(CPA/DFRE)

Information

IATI identifier 46002-P-DZ-HAA-001
Last Update 31 Oct 2019

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Geographic Location

Country Algeria