KYRGYZSTAN SME FRAMEWORK

Location:

Kyrgyz Republic

Project number:

5064

Business sector:

Financial institutions

Notice type:

Private

Status:

Passed Final Review, Pending Approval

PSD disclosed:

09 Nov 1998

Project Description

Provision of up to US$ 10 million (ECU 8.3 million) in small equity investments, convertible debt financing and direct bank-to-bank credit lines to privately owned banks in Kyrgyzstan and Turkmenistan.
The main objective of the operation is to support the development of the banking sectors in Kyrgyzstan and Turkmenistan.

Transition Impact

The operation will contribute to the transition of the Kyrgyz and Turkmen economies in two ways. First, it aims to support the banking sector through the combination of equity and debt financing and by promoting adherence to good standards of corporate governance, strengthening financial performance and ensuring financial discipline. Second, the framework will provide significant support to small and medium-sized enterprises in both Kyrgyzstan and Turkmenistan by providing access to medium and long-term credit, indirectly contributing to job creation.

The Client

Private banks in Kyrgyzstan and Turkmenistan.

EBRD Finance

This framework is a programme for the provision of up to US$ 10 million (ECU 8.3 million) in small equity investments, convertible debt financing and direct bank-to-bank credit lines to privately owned banks in Kyrgyzstan and Turkmenistan.

Project Cost

US$ 10 million (ECU 8.3 million).

Environmental Impact

Participating banks (PBs) in this operation will follow the EBRD's "Environmental Procedures for Local Banks". In implementing these procedures, the PBs will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local / national health, safety, environmental and public consultation requirements.

Technical Cooperation

The level of technical cooperation required for each project will be assessed on a case-by-case basis.

Company Contact

 

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

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