KYRGYZSTAN SME FRAMEWORK

Location:

Kyrgyz Republic

Project number:

5064

Business sector:

Depository Credit (banks)

Notice type:

Private

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)

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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.