This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website.
The project consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs.
The objective of the financing is to fill liquidity gaps at borrower level from expected lower sales in the coming months due to Covid-19 impact, as well as address net working capital need caused by payables volatility following the company's business cycle and higher spikes in cash needs linked to the current context.
ETI score: 90
The new transaction will be monitored on the basis of the existing benchmarks, as per the guidelines of the Resilience Framework: market expansion, increased standards of corporate governance and business conduct, as well as the novelty of the products.
Address: Strada Prelungirea Bucuresti nr. 162, Calarasi, Romania, Phone +40 242 307473, Fax +40 242 306913
EBRD Finance Summary
EBRD finance consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs, to fill liquidity gaps from expected lower sales in the coming months due to Covid-19 impact, as well as address increased net working capital needs caused by payables volatility.
Total Project Cost
EBRD financing is provided in the extraordinary circumstances of the Covid-19 crisis. Specific triggers for the Enhanced Additionality Approach will not apply. Additionality sources - Covid-19 crisis response: EBRD financing effectively bridges a liquidity gap due to adverse market conditions, e.g. the Covid-19 crisis.
Environmental and Social Summary
Categorised C (2019 ESP) and Low - Medium risk. This is an existing client of the Bank who performed well during the period of the previous loan which was only recently repaid in full. The previous Project was implemented in a manner in line with the Bank's PRs; the previous ESAP was implemented in full; and reporting was carried out in line with the Bank's requirements. The provision of working capital does not represent any additional EHSS risks to the operation. ESDD consisted of a review of the previous Project due diligence and the historical reporting provided by the client. There is no requirement for an ESAP specific to this Project. There is no GET component associated with this Project.
Technical Cooperation and Grant Financing
Company Contact Information
+40 242 307473
+40 242 306913
DONALAM SRL Strada Prelungirea Bucuresti nr. 162, Calarasi, Romania
PSD last updated
21 Jul 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Specific enquiries can be made using the EBRD Enquiries form.
Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.
More information on the EBRD’s practices in this regard is set out in the ESP.
Integrity and Compliance
The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.
OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to email@example.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.
Access to Information Policy (AIP)
The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form.
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.