Internet Framework

Location:

Regional

Project number:

14438

Business sector:

Information and Communication Technologies

Notice type:

Private

Environmental category:

C

Target board date:

31 Oct 2000

Status:

Completed

PSD disclosed:

03 Nov 2000

Project Description

The framework will consist of a number of investments into Internet-related companies located in central and eastern Europe (CEE) and the Commonwealth of Independent States (CIS). It will provide an important source of financing for new SMEs in the region. This framework will complement the Bank’s other efforts in financing opportunities related to the Internet and allow the Bank to respond to smaller-sized and faster-moving opportunities.

Transition Impact

The framework aims to stimulate the growth of the new economy in the region by placing the Bank in a position to be able to respond to investment opportunities in this field and support promising management teams. It will assist the region in becoming more competitive in a key emerging economic field, with the corollary economic benefits of increased efficiency that Internet usage can bring.

The Client

A variety of Internet-related investment vehicles or stand-alone companies focused on Internet-related activities in CEE and the CIS. See table below for details of individual investments.

EBRD Finance

Equity and quasi-equity investments totalling up to US$ 30 million (€35.4 million) to be co-financed with various industrial and private equity co-investors.

Project Cost

At least US$ 100 million (€117.6 million).

Environmental Impact

The operation was screened C/0. All investee companies will be required to conduct their business and operations in accordance with national health, safety, and environmental regulations and standards. In the case of the EBRD investing in a financial intermediary (FI), the FI will be required to use the EBRD's environmental procedures for FIs when appraising and monitoring investments.

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

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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.