REGIONAL DIRECT LENDING FACILITY (DLF)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35096

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Sub-projects

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 35096

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

23 Mar 2004

Disclosure date

23 Feb 2004

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The proposed project is a €100 million expansion of the regional Direct Lending Facility (the “DLF” or “Facility”) to provide smaller loans to primarily medium to large-sized local private companies in the Early Transition Countries (ETCs) (Armenia, Azerbaijan, Georgia, Kyrgyz Republic, Moldova, Mongolia, Tajikistan and Uzbekistan), Turkmenistan and Belarus which meet established investment criteria. It was originally approved by the Board of Directors on 23 March 2004 for an amount of €20 million; an additional €20 million allocation was approved by the Board of Directors on 6 March 2006; another €30 million allocation was approved by the Board of Directors on 17 April 2007; and a further €50 million was approved on 9 September 2008.

Transition Impact

The Facility as well as the expansion will improve access to finance for local private companies in ETCs, Turkmenistan and Belarus. These companies constitute one of the most dynamic segments of the local economies. By supporting the best local private companies, which are committed to improving their corporate governance, business conduct and environmental standards, the Facility is expected to enhance competition in their respective markets and provide incentives to other companies in ETCs, Turkmenistan and Belarus to adopt similar good business practices.

The Client

Private medium-sized companies incorporated in ETCs, Turkmenistan and Belarus.

EBRD Finance

€100 million in addition to the previously allocated €120 million.

Project Cost

€100 million.

Environmental Impact

Individual projects will be screened on a case-by-case basis and environmental due diligence conducted accordingly. Individual projects will be required to comply, at a minimum, with national health, safety and environmental regulations and standards. The Bank will receive annual environmental report from the borrowers.

Technical Cooperation

A TC framework, the ETC Multi-Donor Fund, has been established to support sub-project due diligence with donor funding. In the case of Turkmenistan and Belarus, to the extent that suitable bilateral funding cannot be mobilized, the necessary funding will be sought from the Shareholders Special Fund.

Company Contact

Irina Kravchenko,
Head of Direct Lending and Co-financing with Local Banks,
EBRD
1 Exchange Square, London, EC2A

E-mail: kravchei@ebrd.com

Tel:+ 44 20 7338 6739
Fax: +44 20 7338 6239

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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