|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|
|DAC Sector Code||24030|
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.
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.
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.
African Development Bank
CREDIT POPULAIRE D'ALGERIE(CPA/DFRE)
|Last Update||31 Oct 2019|