Project description
and objectives:
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A US$ 20 million loan in the form of a guaranteed apex credit line to be used to finance private sector small and medium-sized enterprises (SMEs) in Kyrgyzstan.
The project aims to support the development of the private and banking sectors in Kyrgyzstan. The proceeds of the sub-loans will be used to provide medium-term financing for private sector SMEs.
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Transition impact:
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The project will have an impact on the transition by providing local entrepreneurs with access to longer-term funding than is currently available.
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The client:
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The National Bank of Kyrgyzstan will borrow and on-lend the funds to qualifying private Kyrgyz banks, which will in turn on-lend the funds to private small and medium-sized enterprises.
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EBRD finance:
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US$ 20 million (ECU 18.5 million) credit line.
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Total project cost:
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US$ 20 million (ECU 18.5 million).
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Environmental impact:
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The participating banks will follow the EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, the banks will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements and standards.
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Technical
cooperation:
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Technical cooperation funding of US$ 1 million to assist implementation is being sought.
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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Alina Nesterova, Operation Leader: nesteroa@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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