AIG Silk Road Fund

Location:

Regional

Project number:

3332

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

03 Dec 1996

Status:

Completed

PSD disclosed:

04 Nov 1996

Project Description

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.

Transition Impact

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.

The Client

AIG Silk Road Fund, a private equity investment fund targeting Kazakstan, Uzbekistan, Azerbaijan, Kyrgyzstan, Tajikistan and Turkmenistan ("Central Asia").

EBRD Finance

Investment in shares of the fund up to US$ 15 million (ECU 12 million).

Project Cost

The fund target size is US$ 100 million (ECU 80 million).

Environmental Impact

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.

Technical Cooperation

None.

 

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)

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.