Project description
and objectives:
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The project is an investment fund managed by American International Group Inc. The project will provide equity finance to small and medium-sized private sector enterprises and joint ventures operating in the countries of Central Asia.
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Transition impact:
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The project will contribute to the development of the private sector and economic growth of Central Asian countries by mobilising private sector funds and encouraging Western strategic investors to invest in viable projects and bring technical expertise to the region.
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The client:
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AIG Silk Road Fund, a private equity investment fund targeting Kazakstan, Uzbekistan, Azerbaijan, Kyrgyzstan, Tajikistan and Turkmenistan ("Central Asia").
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EBRD finance:
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Investment in shares of the fund up to US$ 15 million (ECU 12 million).
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Total project cost:
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The fund target size is US$ 100 million (ECU 80 million).
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Environmental impact:
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The operation has been classified as C/0 (the project does not require an environmental analysis or an environmental audit). The fund will follow the ERBD's "Environmental Procedures for Investment Funds". In implementing these procedures, the fund will assess potential environmental issues associated with its investments. These must comply with local/national health, safety, environmental and public consultation requirements. The fund will submit annual environmental reports to the EBRD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Michael Bastholt, Operation Leader: bastholm@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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