Caribbean Investment Fund
This fund is a new approach to channeling equity funds to small businesses. MIF created a special facility housed within the larger, commercially oriented Caribbean Investment Fund. This special facility will promote equity and equity-related investments in small private companies located in the sovereign member nations of the Caribbean Community and Common Market States ("CARICOM"). It can be considered a 'fund within a fund' that will be dedicated to small business investments. This model will enable large investors such as pension funds, to make small business investments in which they otherwise would be unable to participate, tapping an important additional source of funds for small business. It offers a workable model to encourage commercial fund managers who are presently not serving small business, to also consider making these smaller investments. Bringing small business investments under the umbrella of a much larger fund, has succeeded in attracting not only other development agency capital, but is also pulling in major institutional and corporate investors. MIF's participation was the key catalyst in this process. The MIF has also greatly benefited from the role of IIC which invested in the overall fund. MIF's authorized investment of $10M will be matched by investors in the overall fund to create a small business facility of $20M.

Project Detail

Country

Regional

Project Number

TC9904035

Approval Date

June 2, 1999

Project Status

Closed

Project Type

Equity

Sector

-

Subsector

-

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 10,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 10,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-6541-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-6541-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

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 Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1320571777-3
Eligibility Memorandum
Elegibility memorandum for MIF project TC9904035 - EQU_MS-6541-RG [1813758].PDF
Dec. 31, 1999
English
 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1320571777-2
Donors Memorandum
Donors memorandum for MIF project TC9904035 - EQU_MS-6541-RG [1805269].PDF
Dec. 31, 1999
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1320571777-1
Project Abstract
Project Abstract for MIF project TC9904035 - EQU_MS-6541-RG [1795133].PDF
Dec. 31, 1999
English

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