KYRGYZSTAN - SME LINE OF CREDIT II

Location:

Kyrgyz Republic

Project number:

5817

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

30 Jun 1998

Status:

Complete

PSD disclosed:

29 May 1998

Project Description

A US$ 20 million loan in the form of a guaranteed apex credit line to be used to finance private sector small and medium-sized enterprises (SMEs) in Kyrgyzstan.

The project aims to support the development of the private and banking sectors in Kyrgyzstan. The proceeds of the sub-loans will be used to provide medium-term financing for private sector SMEs.

Transition Impact

The project will have an impact on the transition by providing local entrepreneurs with access to longer-term funding than is currently available.

The Client

The National Bank of Kyrgyzstan will borrow and on-lend the funds to qualifying private Kyrgyz banks, which will in turn on-lend the funds to private small and medium-sized enterprises.

EBRD Finance

US$ 20 million (ECU 18.5 million) credit line.

Project Cost

US$ 20 million (ECU 18.5 million).

Environmental Impact

The participating banks will follow the EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, the banks 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 and standards.

Technical Cooperation

Technical cooperation funding of US$ 1 million to assist implementation is being sought.

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

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