ATF AGRICULTURAL EQUIPMENT FINANCING

Location:

Kazakhstan

Project number:

27448

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

FI

Approval date:

19 Oct 2004

Status:

Completed

PSD disclosed:

15 Sep 2004

Project Description

The proposed project will aim at facilitating and increasing financing available to private farms, agribusiness companies and traders for purchasing/leasing key agricultural equipment, mainly Russian-made grain combine-harvesters and tractors but also Western made machinery, especially seeding implements.

Transition Impact

Transition impact is expected to derive from the strengthening of  linkages with agricultural equipment manufacturers and increase of interregional trade, as the majority of the equipment expected to be financed will be Russian-made. A direct positive impact on the availability and quality of grain is expected by usage of better and newer machinery. Better grain quality will enhance competitiveness of exports from Kazakhstan and allow the country to build further on its competitive advantages.

The Client

Privately owned agribusiness companies operating in Kazakhstan. The financing will be channelled ATF Bank, the fourth largest bank in Kazakhstan. The bank will leverage on the already established grain producing and trading clients and offer better access to finance and a wider range of banking services.

EBRD Finance

US$ 10 million to ATF Bank.

Project Cost

US$ 10 million.

Environmental Impact

The Bank will require ATF Bank to adhere to the Bank’s Environmental Procedures for Leasing and to the Environmental Exclusion and Referral List and this condition is one of the criteria for granting financing to the sub-borrowers. In addition, ATF Bank will require the sub-borrowers to comply with national standards for environment, health and safety and confirm to the Bank on an annual basis that these requirements have been met.

Technical Cooperation

None.

Company Contact

Mikhail Sheen
ATF Bank
100 Furmanov St.,
480091  Almaty
Kazakhstan
Tel. +7 (3272) 58 30 72
 

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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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