XM-DAC-903-SII-30542
International Finance Corporation
Summit Bibiyana II Power Company Limited
The Project is a greenfield 341MW gas based combined cycle power project located at Bibiyana in the Habiganj district in Bangladesh. The Project will be implemented by Summit Bibiyana II Power Company (SBPCL or the Company), a special purpose vehicle incorporated in 2010 under the laws of Bangladesh. In 2010, Bangladesh Power Development Board (BPDB), Bangladesh''s main state-owned power utility, awarded the Project on a build, own and operate basis, to a consortium consisting of Summit Industrial and Mercantile Corporation Ltd. (SIMCL) and GE Energy LLC (GE), which was selected as the winning bidder through an international competitive bidding process. The Project will sell power under a 22 year Power Purchase Agreement (PPA) to BPDB.
a) Bridge power deficit through clean energy: The Project will be one of the large IPPs to be commissioned in Bangladesh, which currently has severe power deficit. By using gas and using combined cycle technology, the Project expects to set a benchmark for generation of low cost clean energy in the Country. b) Providing greater access to energy: Power produced from the Project is expected to reach about 5.7 million consumers in Bangladesh. c) IFC stamp of approval: Participation from IFC in one of the large power projects will provide a stamp of approval for the bankability of these projects, which will in turn help attract serious interest and investments in power sector of Bangladesh. d) Simulate private sector development: Implementation of large scale power projects like Bibiyana II will send a strong signal for improvement of infrastructure in Bangladesh which in turn is expected to simulate private sector investments in other sectors. e) Employment generation: The Project is expected to generate employment opportunities (both direct and indirect) during construction and operational phases.
SUMMIT BIBIYANA II POWER COMPANY LIMITED
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
S. M. Noor Uddin, Chief Executive Officer, Summit Bibiyana II Power Company Limited SUMMIT CENTRE 18 Karwan Bazar Commercial Area Dhaka 1215, Bangladesh Tel: +880-2-9130845 (8 Lines) Fax: +880-2-9130853-54
Bangladesh
The Project is located at Parkul Village in Aushkandi Union under Nabiganj Upazilla of Habiganj district, about 180 km North West of Dhaka in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
V-AB - Gas - Thermal Power Generation
Total: $80.00 million
75000000.00
5000000.00
75000000.00
SUMMIT BIBIYANA II POWER COMPANY LIMITED
5000000.00
SUMMIT BIBIYANA II POWER COMPANY LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/30542/summit-bibiyana-ii-power-company-limited
XM-DAC-903-SII-31357
International Finance Corporation
DBL Group Project
DBL Group (DBL or the Group), an existing IFC Advisory Services client and one of Bangladeshs largest and most reputed integrated knitted apparels manufacturers and exporters, has approached IFC to finance its knitted fabric, yarn and sewing thread dyeing expansion project (the Project) undertaken by the Group company Color City Limited (Color City, the Company or the Borrower). The proposed greenfield Project, with a targeted operational date of June 2014, will increase DBLs dyeing capacity by 22 metric tons (MT) for knitted fabrics and 12MT for knitted dyed yarn (including 3MT for sewing thread). The proposed Project is Phase II of Color Citys expansion plan. Phase I, currently under implementation with DEG financing and expected to go online in January 2014, will increase DBLs knitted fabric dyeing capacity by 28 MT. After implementation of both phases, Color City will have total dyeing and finishing capacity of 62MT and is expected to operate at 75% capacity utilization in the first year to fully cater to the Groups forward-linked ready-made garment (RMG) units requirements.
1. Job creation: The Project will create 850 new direct jobs, as well as temporary jobs during construction. Since dyeing and finishing is physical labor-intensive process, most of the employees will be male. However, being the first state-of-art dyeing facility of the country, the Company will diversify local workers'' skill-set and trigger learning curve on textiles dyeing operation. Moreover, the factory will adhere to international occupational, health and safety standards, thereby, offering better environment to improve workers'' quality of life. 2. Technology transfer: DBL intends to adopt global best practices in terms of lean manufacturing concepts, factory efficiency, worker productivity and energy efficiency, which will set an important example for and potentially elevate productivity and efficiency standards of the overall industry. 3. Boost local competitiveness: The Project is expected to boost Bangladesh''s knit apparel industry competitiveness by enhancing local dyeing and finishing capacity, which will enable DBL and other similar Groups to move towards higher value products. 4. Benefit to the government: The Project will generate tax revenues for the Government of Bangladesh.
COLOR CITY LTD.
Abdul Matin DBL Group 23/1 Panthapath Link Road BGMEA Complex, 12th Floor Karwan Bazar, Dhaka-1215 Bangladesh Tel: +880 2 8140207-12 Fax: +880 2 8140214 Mobile: + 880 1730701640 mailto:matin@ho.dbl-group.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Sadarganj, Kashimpur in the industrial belt of Gazipur, Bangladesh where DBL Groups existing dyeing and finishing plants are located. The Project is accessible by road.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-AC - Finishing (Dyeing, Printing, Finishing, etc.)
Total: $10.50 million
10500000.00
10500000.00
COLOR CITY LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31357/dbl-group-project
XM-DAC-903-SII-31958
International Finance Corporation
bKash Project
bKash Limited (bKash or the Company) is a mobile payment joint venture in Bangladesh between BRAC Bank (51% shareholding) and Money in Motion (49% shareholding). The Company intends to leverage the distribution network of its partners and work with mobile network operators to offer a mobile payment platform that would enable financial services across rural and urban areas in Bangladesh. The Company launched operations in July 2011 and currently has a subscriber base of around 443 thousand customers. IFC is considering a potential equity investment of up to US$10 million in bKash.
The project will have the following development impacts: - Increased access to finance through mobile payment: The project is intended to increase access to finance through mobile payment/banking to broader segments of the country including the unbanked and the base of the pyramid. -Enabling integration into the formal banking system: The project will help develop a track record of banking transactions for the bKash customers and aid their eventual integration into the formal banking system and access other financial services such as credit and insurance - Facilitating commerce: The Project will help create a mobile banking/payment platform that will reduce transaction costs and overcome geographic barriers, helping to facilitate commerce in the country amongst broader segments of the population.
BKASH LIMITED
Kamal Quadir, Chief Executive Officer, bKash Limited Address: 6, Gulshan Avenue (4th Floor), Block- SW(H) Gulshan- 1, Dhaka- 1212 Bangladesh Telephone: +88-02-9860560 Email: mailto:kamal@bkash.com Fax: +88-02-9894916 Website: http://www.bkash.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kamal Quadir, Chief Executive Officer, bKash Limited Address: 6, Gulshan Avenue (4th Floor), Block- SW(H) Gulshan- 1, Dhaka- 1212 Bangladesh Telephone: +88-02-9860560 Email: mailto:kamal@bkash.com Fax: +88-02-9894916 Website: http://www.bkash.com
Bangladesh
The Companys headquarters is in Dhaka, Bangladesh and the investment will be spent for expansion of the distribution network in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
N-AD - Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)
Total: $10.00 million
10000000.00
10000000.00
BKASH LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31958/bkash-project
XM-DAC-903-SII-32376
International Finance Corporation
Ananta Apparels Limited
Founded in 1992, Ananta Apparels Limited (AAL or the Company) is one of the leading apparel exporters of Bangladesh (top 10 position among woven product manufacturers). The Company specializes in denim products with monthly production capacity of 1.8 million woven bottoms across three factories comprising 850,000 square feet and employing about 13,000 workers. AAL recently re-structured into a group holding company with five manufacturing subsidiaries: Ananta Casualwear Limited (99% shareholding), Ananta Denim Technology Limited (99%), Ananta Fashion Limited (99%), DNV Clothing Limited (75%), and Universal Menswear Limited (51%; a joint-venture company with Romanian suit manufacturer Time Trade International). Major customers include top retail brands such as H&M, GAP and Bestseller Group. AAL has undertaken an expansion plan to be developed in two phases: Phase I, costing approximately US$24.4 million, will primarily involve the relocation of its existing casual woven bottoms factory to a new custom built facility in Kanchpur, south of Dhaka thereby replacing its original factory in downtown Dhaka (the Project). The Project is brownfield in nature. The second phase (Phase II), which would involve further capacity expansion, will be undertaken at a future date once Phase I is fully implemented and operational.
- Job Creation: Approximately 1,500 new jobs expected over both Phases I and II. - Technology Transfer: AAL intends to adopt global best practices in terms of lean manufacturing concepts, factory efficiency, worker productivity and energy efficiency standards of the overall industry. - Local Supply Chain Linkages: The Project will generate incremental business for MSMEs in the value chain, including accessory and package suppliers, service providers and logistics support. - Benefits to the Government: The Project will generate tax revenues, which is expected to contribute to Bangladesh''s Annual Development Program budget, enabling the Government to execute a greater number of developmental activities. - Demonstration Effect: The Project will support a Company that has committed to adopting best practices in corporate governance, E&S compliance, labor standards, and energy efficiency in Bangladesh''s RMG industry.
ANANTA APPARELS LTD.
Aboho Haroon Ananta Apparels Ltd. House 20, Road 99 Gulshan 2, Dhaka 1212 Bangladesh Phone: +88-01614-162047 Email: mailto:aboho@ananta-bd.com Fax: +88-02-8810656
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project will be located in AALs existing facility in Noyabari, Kanchpur, south of Dhaka, Bangladesh. AALs head office is located in House 20, Road 99, Gulshan 2, Dhaka 1212, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CA - Garment and Apparel (Without Fabric , Excluding Footwear)
Total: $8.25 million
6250000.00
2000000.00
6250000.00
ANANTA APPARELS LTD.
2000000.00
ANANTA APPARELS LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32376/ananta-apparels-limited
XM-DAC-903-SII-32657
International Finance Corporation
BML-Brummer
The Project involves financing the ongoing capital expenditure of Butterfly Marketing Limited (BML or the Company) to facilitate its backward integration into the assembly/manufacturing of some of its key imported white goods. The Company is in the process of setting up two manufacturing plants, Butterfly Industries Limited (BIL) and Butterfly Manufacturing Company Limited (BMCL) in an effort to manufacture its products locally, thereby giving it better competitiveness. The Project Company is BML, which is setting up the two manufacturing plants. It is one of the leading consumer electronics/white goods retailers in Bangladesh.
The Project is expected to: (i) Job creation: BML''s various projects are expected to create 90 jobs during the construction stage of the plants and 367 permanent jobs in the factories post-construction. The company will be creating 200 new dealerships across the country in the next three years to expand its distribution network, which will create additional indirect jobs; (ii) Technology transfer: BML will be leveraging the technical expertise of LG and Hisense to set up its manufacturing plants, adopting manufacturing best practices, which is expected to improve the overall quality of BML and, in due course, of other companies in the industry; (iii) Diversify Bangladesh''s export basket: BML plans to export Hisense (and possibly other branded) products once operations have stabilized. This would help Bangladesh diversify its export basket and improve the country''s over dependence on the textile sector; (iv) Increase domestic consumption: By selling branded household appliances at lower prices, BML will make these aspirational goods affordable to a much larger section of the country''s population, promoting domestic consumption; and (v) Reduce trade deficit: BML''s backward integration will help reduce Bangladesh''s total import bill and will lead to foreign currency savings, which will help shore up the country''s foreign exchange reserves.
BUTTERFLY MARKETING LTD
Mr. Mahbubul Haque Sufyani Designation: Executive Director Address: 71 Motijheel C/A, Dhaka-1000 Tel: 7169150-3 Fax: 9561317-8 Email: mailto:m.sufyani@butterfly-lg.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
The Company will disclose this ESRS and the ESAP at its website: http://www.butterfly-lg.net as well as locally at the following address: Butterfly Marketing Limited 71 Motijheel C/A Dhaka-1000 Bangladesh.
Bangladesh
The Companys head office is located in Motijheel, Dhaka, Bangladesh. The two manufacturing plants will be located adjacent to each other in the industrial area of Bhaluka, near Dhaka.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
M-BC - Household Appliances (Including Refrigerators, Laundry Machine, Dishwashers, etc.)
Total: $26.38 million
20000000.00
6380000.00
20000000.00
BUTTERFLY MARKETING LTD
6380000.00
BUTTERFLY MARKETING LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32657/bmlbrummer
XM-DAC-903-SII-32909
International Finance Corporation
BRAC IMPACT VENTURES LIMITED
The Project is BRAC Impact Ventures Ltd. (BIVL) to implement a program of distributing 1 million zero emission Water Purification Systems (WPS) to rural low-income households in Bangladesh. The zero emission WPS is an instant microbiological waterfilter that helps people access high quality safe drinking water by delivering approximately 30,000 liters over its lifetime to each household. The use of these WPS will also reduce the future demand for conventional water treatment through boiling water with non-renewable biomass such as firewood, therefore, the Project can aggregate numerous very small, replicable and dispersed micro-scale emission reduction activities. Distribution of total 1 million WPS will be implemented by successively implementing 40 sub-projects in 1-2 year period.
- Supporting access to affordable and potable drinking water to members of the Base of the Pyramid. - Provision of cleaner drinking water would contribute to reducing waterborne diseases. - Reduced Greenhouse Gas Emissions: Through this project a significant amount of GHG is expected to be reduced by replacing the traditional method of boiling water using firewood with water filters. - Job creation: The company would be creating jobs as a new setup. - Scalable and replicable upon the successful implementation of the project: The sponsor and other players would potentially be able to scale this model as well as replicate it in other parts of the world that has potable water scarcity.
BRAC IMPACT VENTURES LIMITED
Javed Bin KarimChief Executive OfficerBRAC Impact Ventures LimitedBRAC Centre (14th Floor)75 Mohakhali C/ADhaka-1212, BangladeshTel: +880-2-8829271 mailto:javed@bracivl.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is expected to cover all of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-CA - Finance Companies
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32909/brac-impact-ventures-limited
XM-DAC-903-SII-33243
International Finance Corporation
WCSS AB Bank BSLF III
The Project consists of providing a 1 year Short-Term Loan in the amount of upto US$35 million (up to 12 months, renewable up to two times at IFCs option for an additional 12 months, for a maximum aggregate period of up to 3 years) to AB Bank Limited (Bank or ABBL) to support the foreign currency needs of SMEs in Bangladesh. The financing provided to ABBL is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness and job retention / creation.
- Financial Sector Deepening: The Project will enable ABBL to access foreign currency funding and compete on a level-playing field with foreign banks that have the benefit of parent funding. The IFC funding will also encourage other international banks / FIs to lend to local banks in Bangladesh. - Demonstration Effect: The demonstration effect of IFC financing will encourage foreign banks to fund the local banking sector and increase the range and availability of financing options in the market.
AB BANK LIMITED.
Abu Hena Mustafa KamalSenior Executive Vice President & Head of Financial Institutions & Treasury AB Bank Ltd., 30-31 Dilkusha C/A, Dhaka 1000, BangladeshPhone: +88-02-7171002 Fax: +88-02-9566265 Email: mailto:ahmkamal@abbank.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has countrywide presence via 86 branches, 11 SME services and agro-centers and 219 ATMs. AB Bank is a real on-time automated Bank. Investments can be made throughout the country depending on where the need for SME financing is most acute.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $35.00 million
35000000.00
35000000.00
AB BANK LIMITED.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33243/wcss-ab-bank-bslf-iii
XM-DAC-903-SII-33479
International Finance Corporation
United Ashuganj Energy Ltd.
The Project consists of the development, construction, operation and maintenance of a 195MW combined cycle reciprocating gas engine power plant in Ashuganj, Brahmanbaria, Bangladesh under the Implementation Agreement (the IA) with the Government of Bangladesh (the GoB) and a 15-year Power Purchase Agreement (the PPA) with the Bangladesh Power Development Board (BPDB). It is a greenfield Project being developed by United Ashuganj Energy Ltd. (the Borrower or Company), a special purpose vehicle that was incorporated under the laws of Bangladesh.
(1)Reduce power deficiency: The Project will be a significant contributor to address current gap in the country''s power supply and will help alleviate power crisis in Bangladesh. (2)Reduce power generation cost: The Project presents a less expensive alternative to emergency oil-based rental power plants and a strategic solution to Bangladesh''s long term power needs. (3)Employment generation: The Project will create jobs for locals during the construction and operation phases.
UNITED ASHUGANJ ENERGY LTD
Name: Rahat Bin Kamal Organization: United Enterprises & Co. Ltd (UECL) Designation / Department: Assistant Manager (Corporate Affairs) Cell Phone: +8801914-001457, Email: mailto:rahat@united.com.bd Address: United Center, House# NW(J)6, Road# 51, Gulshan 2, Dhaka-1212, Bangladesh Website: http://www.united.com.bd/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
United Ashuganj Energy Ltd Plant Address: Ashuganj, Brahmanbaria
Bangladesh
The plant is located within an existing power generation complex, the Ashuganj Power Station Complex in Ashuganj, Brahmanbaria in the Peoples Republic of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
V-AB - Gas - Thermal Power Generation
Total: $43.50 million
41000000.00
2500000.00
41000000.00
UNITED ASHUGANJ ENERGY LTD
2500000.00
UNITED ASHUGANJ ENERGY LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33479/united-ashuganj-energy-ltd
XM-DAC-903-SII-33669
International Finance Corporation
WCSS Prime Bank BSLF III
The Project consists of providing a 1 year Short-Term Loan in the amount of up to US$20 million (for 12 months, renewable up to two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) to Prime Bank Limited (the Bank or Prime Bank) to support the foreign currency needs of SMEs in Bangladesh. The Bank was incorporated in February 12, 1995 and commenced its banking business with one branch on April 17, 1995 under a license issued by Bangladesh Bank. The Bank has total assets size of US$3.16 billion as of 31st December 2013. Prime Bank has an outlet network of 138 branches (including SME branches) spread across almost all of the local cities with 151 owned ATMs.
Financial Market Deepening: Facilitating increased local bank access to the commercial loan market and also facilitating the access to finance for credit constrained SMEs especially to meet working capital requirements. These will deepen the depth of the financial sector. Demonstration Effect: IFC''s proposed package signals its confidence in the Bangladesh economy and also helps increase the Bank''s credibility in international credit markets helping continued growth of its trade financing operations. Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC investment will further support business growth and spur indirect job creation in the SME and Export oriented segments. Boost Export Competitiveness: The Facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized.
PRIME BANK PLC.
Hassanul Zahed Senior Vice President, International Division Prime Bank LimitedHead Office119-120 Motijheel Commercial Area, Dhaka 1000Mobile: +88 01713 069925Telephone: +8802 9570749, +8802 9562617Email: mailto:zahed@primebank.com.bd / mailto:zahed.primebank@gmail.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 121 branches, 17 SME branches/centers and 151 ATMs. The Bank is present in almost all of the major cities in Bangladesh. Investments will be made throughout the Off-Shore Banking Unit (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $20.00 million
20000000.00
20000000.00
PRIME BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33669/wcss-prime-bank-bslf-iii
XM-DAC-903-SII-34111
International Finance Corporation
Frontier II
The project entails an IFC equity investment of up to US$ 20 million in Frontier Bangladesh II L.P. (the Fund or Frontier II). The Fund has an investment emphasis on companies requiring growth capital and strategic inputs for growth. The proposed project is a successor fund to Frontier PE (Cayman) L.P. (Frontier I), a US$88mn fund of 2009 vintage, which was the first PE fund in Bangladesh established with IFCs support. Frontier II has a target size of US$100million, accepting up to US$150 million. The Fund will invest in small and medium sized companies engaged in a broad range of sectors, including but not limited to consumer, manufacturing, agriculture, healthcare, technology and hospitality.
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
FRONTIER BANGLADESH II LP
Brummer & Partners Asset Management (Bangladesh) Ltd. Crystal Palace, 6th Floor, 22 Gulshan South Avenue Gulshan-1, Dhaka-1212, Bangladesh Tel: +880 2 989 0460 Fax: +880 2 989 0522
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Frontier Bangladesh II L.P. is a Cayman registered investment fund that is focused on investing growth capital in companies in Bangladesh. Most of the funds employees are based in Dhaka.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
P-BA - Private Equity/Venture Cap Fund - Country
Total: $20.00 million
20000000.00
20000000.00
FRONTIER BANGLADESH II LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34111/frontier-ii
Development Results
Development Result Description
Indicator
Employment: New Jobs in Fund Investees (#)
Cumulative New Jobs (#)
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
Indicator
Direct Employment (#) - Operations and Maintenance
Employment (#)
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
Indicator
Female Direct Employment (#) - Operations and Maintenance
Female Employment (#)
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
(i) Job creation: The fund is expected to deploy growth capital in private sector companies spurring job creation, which is typically at a higher rate than the national average. (ii) Private sector development: The Fund is expected to promote sustainable growth in companies that do not have access to other sources of capital. There is significant value addition to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise in building new business opportunities and partnerships. (iii) Frontier Market Development: The Fund is expected to create access to capital in an underserved PE market and the Fund's successful exits of investee companies, which potentially include IPOs, would help in deepening of domestic capital markets. (iv) Incorporating IFC's E&S standards: applying international best ESG practices at the Fund and investee level will contribute to sustainable economic development.
XM-DAC-903-SII-34184
International Finance Corporation
WCSS Bank Asia
The project consists of providing a Short-Term Loan for the amount of up to US$30 million (for 12 months, renewable two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) and US$40 million Guarantee under GTFP to Bank Asia Limited (the Bank or Bank Asia) to support the foreign currency needs of SMEs in Bangladesh. Bank Asia was incorporated in 1999 as a public limited company. The Bank has total assets of US$2.05 billion as of 30th September 2013. Bank Asia has a branch network of 86 branches spread across various cities with 90 owned ATMs.
(i) Financial Market Deepening: Facilitating increased local bank access to the commercial loan market and also facilitating access to finance for credit constrained SMEs, especially to meet working capital requirements. (ii) Demonstration Effect: IFC''s proposed package signals its confidence in Bangladesh economy and also helps increase the Bank''s credibility in international credit markets helping continued growth of its trade financing operations. (iii) Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC''s investment will further support business growth and spur indirect job creation in the SME and Export oriented segments. (iv) Boost Export Competitiveness: The Facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized.
BANK ASIA LTD
Md. Zia ArfinSenior Vice President &Head of International DivisionBank Asia LimitedCorporate Office68, Purana PaltanDhaka-1000Mobile:+88 01713160011Telephone: +88 02 7110177 Ext.401Email: mailto:zia@bankasia.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 86 branches, 6 SME centers and 90 ATMs. The Bank is present in most of the major cities in Bangladesh. Investments will be made through the Off-Shore Banking Units (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $30.00 million
30000000.00
30000000.00
BANK ASIA LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34184/wcss-bank-asia
XM-DAC-903-SII-34902
International Finance Corporation
City Bank Equity
The project comprises an investment to take up to a 5% (post money) stake in common shares of The City Bank Ltd (City Bank or the Bank) through a preferential allotment for a total investment amount up to BDT 1.32 billion (approximately US$17 million equivalent at current exchange rate). In addition to the common shares, the project will also include a 3-year senior loan for an amount of US$20 million, convertible to the Banks common share at the expiry at IFCs option. The financing provided is a fit with the World Bank and IFCs Financial Institutions Group (FIG) strategy to strengthen financial institutions (FIs) with equity capital, liquidity support and advisory services. The Bank commenced operations from 27th March 1983 and has total assets of US$2.6 billion as of September 30, 2015.
1. Impact on Financial Sector Development: The Bangladeshi financial sector is under-developed and the country''s banking system requires considerable improvement. The Project will promote financial intermediation by using the broad regional network of City Bank to reach SMEs. Additionally, this Project will create a demonstration model for existing banks, encouraging them to strengthen capital position, improve corporate governance and operational standards. The Project will promote further competition in the Bangladeshi banking sector by giving borrowers across the country greater access to banking products. 2. Supportive to Bangladesh FIG strategy: A key pillar of Bangladesh FIG strategy is strengthening the financial system through capital infusion in select banks and supporting improved corporate governance. Higher non-performing loans ("NPLs") and regulatory tightening (including BASEL III requirements) translates into higher capital needs. Various estimates peg banking sector capital requirements in excess of US$1 billion that will not be all available through domestic capital alone. 3. Support Corporate Governance Improvement Efforts: IFC would be supporting the Bank''s efforts to improve corporate governance, and other potential program as well could be explored with the Bank. An IFC-appointed director would be an important addition to the existing board. 4. Demonstration Effect: The IFC funding will encourage other investors to provide capital to the Bangladeshi banking sector to support asset growth.
THE CITY BANK LIMITED
Sheikh Mohammad Maroof Deputy Managing Director & Head of Wholesale Banking The City Bank Limited 136, Gulshan AvenueGulshan-2, Dhaka-1212 PH: +8802 8834767 Email: mailto:smaroof@thecitybank.com Mohammad Mahbubur Rahman Senior Executive Vice President & Chief Financial Officer The City Bank Limited 136, Gulshan AvenueGulshan-2, Dhaka-1212 PH: +8802 58813126 Email: mailto:mrahman@thecitybank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 114 branches including 1 SME service center, 11 SME/agri branches and 258 own ATMs.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $36.87 million
20000000.00
16870000.00
20000000.00
THE CITY BANK LIMITED
16870000.00
THE CITY BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34902/city-bank-equity
XM-DAC-903-SII-35053
International Finance Corporation
WCSS BRAC II
The Project consists of providing a 1 year short-term loan for the amount of up to US$40 million (for 12 months, renewable up to two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) to BRAC Bank Limited (the Bank or BRAC Bank) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. BRAC Bank was established in 2001 and has assets of US$2.38 billion as of 31st December 2013.
Improved access to credit: The Project will increase access to finance for credit constrained SMEs, especially to meet working capital requirements. It will also expand financial intermediation. Demonstration Effect: IFC''s proposed package signals its confidence in the Bangladesh economy and also helps increase the Bank''s credibility in international credit markets, aiding continued growth of its trade financing operations. Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC''s investment will further support business growth and spur indirect job creation in the SME and export-oriented segments. Boost Export Competitiveness: The facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized.
BRAC BANK LIMITED
Syed Golam MarufHead of Corporate Institutions & Structured FinanceBrac Bank LtdHead OfficeBashati Aristocrats, 1st Floor, Plot: 6Gulshan Avenue, Dhaka-1212Mobile: +88 01713066851Telephone: +880 (2) 9863269Email: mailto:sg.maruf@bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 88 branches, 69 SME centers and 333 ATMs. The Bank is present in almost all of the major cities in Bangladesh. Investments will be made through the Off-Shore Banking Unit (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $40.00 million
40000000.00
40000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35053/wcss-brac-ii
XM-DAC-903-SII-35054
International Finance Corporation
WCSS Eastern II
The Project consists of providing a 1 year short-term loan for the amount of up to US$30 million (for 12 months, renewable up to two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) to Eastern Bank Limited (the Bank or Eastern Bank) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank commenced operations from 16 August 1992 with 4 branches and has total assets of US$2.03 billion as of 31st December 2013.
Improved access to credit: The Project will increase access to finance for credit constrained SMEs, especially to meet working capital requirements. It will also expand financial intermediation. Demonstration Effect: IFC''s proposed package signals its confidence in the Bangladesh economy and also helps increase the Bank''s credibility in international credit markets, aiding continued growth of its trade financing operations. Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC''s investment will further support business growth and spur indirect job creation in the SME and export-oriented segments. Boost Export Competitiveness: The facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized.
EASTERN BANK PLC
Md. Obaidul IslamSenior Vice President & Head of Financial InstitutionsEastern Bank LtdHead Office10 Dilkusha Commercial AreaDhaka-1000Mobile: +88 01714116160 Telephone: +880 (2) 9552124Email: mailto:islamo@ebl-bd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 71 branches, 55 SME centers and 175 ATMs. The Bank is present in almost all major cities of Bangladesh. Investments will be made through the Off-Shore Banking Unit (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $30.00 million
30000000.00
30000000.00
EASTERN BANK PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35054/wcss-eastern-ii
XM-DAC-903-SII-35055
International Finance Corporation
Working Capital Systemic Solutions - Southeast Bank 2
The project consists of providing a Short-Term Loan for the amount of up to US$30 million (for 12 months, renewable two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) to Southeast Bank Limited (the Bank or SEBL) to support the foreign currency needs of SMEs in Bangladesh.
(i) Financial Market Deepening: Facilitating increased local bank access to the commercial loan market and also facilitating access to finance for credit constrained SMEs, especially to meet working capital requirements. (ii) Demonstration Effect: IFC''s proposed package signals its confidence in Bangladesh economy and also helps increase the Bank''s credibility in international credit markets helping continued growth of its trade financing operations. (iii) Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC''s investment will further support business growth and spur indirect job creation in the SME and Export oriented segments. (iv) Boost Export Competitiveness: The Facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized.
SOUTHEAST BANK LIMITED
Md. Nasir Uddin, Principal Officer Southeast Bank Limited International Division Eunoos Centre, Level # 3, 52-53 Dilkusha C/A, Dhaka-1000, Bangladesh Tel : 880-9571115 Fax : 880-2-9550093 Email : mailto:nasiruddin@southeastbank.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 103 branches. The Bank is present in most of the major cities in Bangladesh. Investments will be made through the Off-Shore Banking Units (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $15.00 million
15000000.00
15000000.00
SOUTHEAST BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35055/working-capital-systemic-solutions-southeast-bank-2
XM-DAC-903-SII-35866
International Finance Corporation
WCSS UCBL Project
The project consists of providing a Short-Term Loan (WCSS) for the amount of up to US$15 million (for 12 months, renewable two times at IFCs option for an additional 24 months, for a maximum aggregate period of up to 36 months) and US$ 50 million Guarantee under GTFP to United Commercial Bank Limited (the Bank or UCBL) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank commenced operations from 26 June1983 and had total assets of US$3.26 billion as of September 30, 2014.
i) Financial Market Deepening: IFC by facilitating increased local bank access to the commercial loan market will deepen the financial sector. In addition, IFC is also establishing a level playing field between local banks and foreign banks that have an advantage due to funding support from international parent banks. (ii) Demonstration Effect: IFC funding will encourage International banks to finance the local banking sector in Bangladesh and increase the range and availability of funding options in the market. (iii) Job Creation: Bangladesh, an IDA country, still has nearly a third of its population below the poverty line in spite of improving macroeconomic fundamentals. IFC investment will further support business growth and spur indirect job creation in the SME and Export oriented segments. (iv) Boost Export Competitiveness: The Facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized in the value chain.
UNITED COMMERCIAL BANK LIMITED
Md. Sohrab Mustafa Head - FI & OBU United Commercial Bank Limited Bulus CenterPlot - CWS- (A)-1, Road No - 34Gulshan Avenue, Dhaka-1212 PH: +8802 8852500, Ext-3201 Email: mailto:sohrab.mustafa@ucbl.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 147 branches and 101 ATMs. The Bank is present in almost all major cities of Bangladesh. Investments will be made through the Off-Shore Banking Unit (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $15.00 million
15000000.00
15000000.00
UNITED COMMERCIAL BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35866/wcss-ucbl-project
XM-DAC-903-SII-36136
International Finance Corporation
Robi Axiata II
Robi Axiata Limited (Robi or the Company) is one of Bangladeshs leading mobile operators. The Companys US$253 million capital expenditure program for 2015 to be used in upgrading Robis 3G network and increasing its coverage and capacity in Bangladesh by focusing in the Comilla-Dhaka-Chittagong (CDC) area and other selected regions, with particular focus on rural areas.
1. Increased access to broadband services. Given lack of appropriate fixed broadband infrastructure, mobile broadband has been the main source of access to internet in the country - 1.48 million subscribers (fixed) vs. 41.5 million (mobile) in 2014. With high countrywide coverage ratios, operators in Bangladesh have pushed access to internet over 2G connections via feature phones or low end smartphones. With increased availability of 3G services, subscribers will be able to experience enhanced services through high speed connections and lower latency. 2. Improved access to innovative services. With appropriate infrastructure deployed in the country, the Company will continue to diversify its revenue and strengthen its VAS offering. Today Robi is already the market leader when it comes to services in entertainment and social media. 3. Provision of critical infrastructure. As wage rates increase in the country, improvements in working productivity through investments in critical infrastructure become an even more critical issue in Bangladesh. 4. Employment and employee development. Current Project will create additional direct and indirect high skilled employment in Bangladesh. 5. Catalytic role. IFC will play a catalytic role in local private sector development by attracting foreign investors into Bangladesh. 6. Government Revenues. Telecom operators are one of the highest tax paying entities in the country - on average 55% of revenues are used to pay taxes and regulatory fees.
ROBI AXIATA LIMITED
Yap Wai Yap Chief Financial Officer Robi Axiata Limited Robi Corporate Office 53 Gulshan South Avenue Gulsan-1, Dhaka-1212 Bangladesh Telephone: +88-02-9887146-52 Fax: +88-02-98885463
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
N-AC - Mobile Telephony
Total: $91.00 million
66000000.00
25000000.00
66000000.00
ROBI AXIATA LIMITED
25000000.00
ROBI AXIATA LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36136/robi-axiata-ii
XM-DAC-903-SII-36226
International Finance Corporation
Bangladesh RMG Sector Fire & Safety Program
IFC proposes to establish a comprehensive sectorial program to strengthen safety infrastructure in the ready-made garment (RMG) sector in Bangladesh. Under the program, IFC would engage with selected local banks (Partner Banks) to provide financing to RMG enterprises to implement structural, electrical and fire safety (SEF) retrofitting/ civil works and renovations upgrades and essential for worker safety (the Program). This is fundamental not only from an environmental and social perspective but also from a competitive angle as the RMG sector accounts for significant employment, export earnings and manufacturing in the country. The SEF safety necessary upgrades are identified in the corrective action plans (CAPs) carried out by (i) the Alliance for Bangladesh Worker Safety (Alliance) (ii) the Bangladesh Accord on Fire and Building Safety (Accord) and similar credible institutions such as National Tripartite Plan of Action on Fire Safety and Structural Integrity in the garment Sector of Bangladesh (NTPA).
Support for the backbone of Bangladesh Industry and economy: RMG sector represents 78% of exports (2nd largest exporter after China) and 15% of GDP (15 to 20% annual growth rate). Any disruptions to the RMG sector would stall progress on alleviating poverty. The proposed safety upgrades are a vital element in helping Bangladesh to maintain its global market position in the RMG sector. Improve all workers (including women) working conditions: about 90% of RMG sectors workers are women from poor backgrounds and families at the base of the pyramid with limited or no financial safety net. Improved SEF standards will help save lives and protect the livelihood of families relying on the income from RMG sector employees. Enhancing E&S capacity: Utilizing IFC''s in-house E&S expertise to help create capacity in Partner Banks to monitor E&S standards and compliance, which would contribute to improving the overall working environment of Bangladesh RMG sector. Establishing a prototype to engage other donors and development agencies to support worker safety in Bangladesh. Job Creation: RMG sector has been the largest employer in Bangladesh, employing 3.7 million workers. By some estimates, it has the potential of generating 10.6 million additional jobs in the next 10 years.
Bangladesh Fire Safety Banks Program
Due to the nature of the project, there is no client and no contact.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
All of the Partner Banks under the Program are headquartered in Dhaka with branches in most of the commercially important points across the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $50.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36226/bangladesh-rmg-sector-fire-safety-program
XM-DAC-903-SII-36870
International Finance Corporation
WCSS CityBank II
The project consists of providing a Short-Term Loan (WCSS) for the amount of up to US$35 million (for a tenor of 12 months, renewable up to four times at IFCs option for an additional 48 months, for a maximum aggregate period of up to 60 months) to The City Bank Limited (the Bank or City Bank) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank commenced operations from 27th March 1983 and has total assets of US$2.27 billion as of December 31, 2014.
1. Improved Access to Credit: The Project will increase access to finance for credit-constrained SMEs, to meet working capital requirements. It will also expand financial intermediation. 2. Job Creation: Bangladesh, an IDA country, still has nearly a third of its population living below the poverty line in spite of improving macroeconomic fundamentals. IFC''s investment will further support business growth and spur indirect job creation in the SME and export-oriented segments. 3. Boost Export Competitiveness: The Project will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements for pre-export goods and assist in payments for imports utilized.
THE CITY BANK LIMITED
Sheikh Mohammad Maroof Deputy Managing Director & Head of Wholesale Banking The City Bank Limited 136, Gulshan AvenueGulshan-2, Dhaka-1212 PH: +8802 8834767 Email: mailto:smaroof@thecitybank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 114 branches including 1 SME Service center, 11 SME/Agri branches and 244 owned ATMs. The Bank is present in almost all major cities of Bangladesh. Investments will be made through the Off-Shore Banking Unit (OBU).
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AH - Commercial Banking - SME Finance
Total: $35.00 million
35000000.00
35000000.00
THE CITY BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36870/wcss-citybank-ii
XM-DAC-903-SII-37593
International Finance Corporation
Summit Mezzanine
Summit Corporation Limited (SCL) is a company incorporated in Bangladesh and owned by the Khan Family. SCL is a leading Independent Power Producer (IPP) in Bangladesh and is looking to undertake 715 MW of new power projects over the next three years in the country. The Project would enhance provision of electricity in Bangladesh where almost 25% of the 159.1 million inhabitants lack access to grid connected power.
Electricity generation: Through the 4 power projects to be financed by this transaction, SCL is expected to add about 715 Megawatts of electricity-generating capacity to Bangladesh''s national grid. In a country where more than 40 million people do not have ready access to power and power shortages lead to costly disruptions to industrial production, including in the manufacturing sector, this capacity increase helps address a critical electricity demand-supply gap. Demonstration effect: This transaction will send a positive signal to other prospective developers and investors involved in the power sector in Bangladesh as it will demonstrate the ability for companies with assets predominantly based in Bangladesh to attract international capital. Local jobs creation: The funding from this transaction will facilitate job creation at the various projects sites and at the corporate level in Dhaka contributing to the inclusive growth of the country and creating greater professional opportunities in skilled areas.
SUMMIT POWER INTERNATIONAL PTE LTD
Mr. Shamsuddin Haider Dalim Head of Public Relations & Media Summit Corporation Limited SUMMIT CENTRE 18, Kawran Bazar Commercial Area Dhaka 1215 Bangladesh Telephone: +880 2 9130845 Fax: +880-2-9130853-54 mailto:sh.dalim@summit-centre.com http://www.summitgroupbd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
SCLs new power developments will be located throughout Bangladesh, including locations such as Barisal, Narayanganj, Kaliakoir and Meghnaghat.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
V-IA - Electric Power Other (Including Holding Companies)
Total: $65.00 million
65000000.00
0.00
65000000.00
SUMMIT POWER INTERNATIONAL PTE LTD
0.00
SUMMIT POWER INTERNATIONAL PTE LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37593/summit-mezzanine
XM-DAC-903-SII-35798
International Finance Corporation
WCS Dhaka Bank
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The project consists of a short-term loan (Working Capital Solutions, WCS) for up to $20 million and a $35 million guarantee under Global Trade Finance Program, GTFP to Dhaka Bank Limited (the "Bank" or "Dhaka Bank") to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank commenced operations on April 06, 1995 and has total assets of $2.48 billion as of September 30, 2016.
i. Improved Access to Credit: The Project will increase access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation.
ii. Job Creation: IFC's investment will further support business growth and spur job creation in the SME and export-oriented segments.
iii. Boost Export Competitiveness: The project will help economic growth in Bangladesh by providing exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized. This, in turn, improves their working capital cycle, thereby providing a boost in exports.
DHAKA BANK LTD.
Dhaka Bank Limited Md. Syed Faisal Omar EVP & Head of International Division 880258314419 faisal.omar@dhakabank.com.bd 71, PuranaPaltan Lane, Dhaka
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 95 branches and 54 owned ATMs. The Bank is present in almost all major cities of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $20.00 million
20000000.00
20000000.00
DHAKA BANK LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35798/wcs-dhaka-bank
XM-DAC-903-SII-38482
International Finance Corporation
Bengal Hotel
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed transaction is an A loan in Bengal Hotel and Resorts Limited (BHRL or the Company). BHRL has undertaken to develop a greenfield, 350 room business hotel property (the Project) in Dhaka, Bangladesh, to be operated by Swissotel Management GMBH (the Operator) under its Swissotel brand. IFC will invest up to US$18 million in long term debt and will mobilize up to US$18 million as parallel loan from another multilateral. The proceeds of the IFC loan will be used to fund the construction of the hotel.
- Improvement of business infrastructure: The Project will improve the supply of business infrastructure, which is important in driving growth in the export sector (primarily garmenting) and other economic activities in Bangladesh.
- Employment creation and knowledge transfer: The Project will create approx. 400 new direct jobs (including several female jobs), as well as temporary jobs during construction. It will also promote knowledge transfer to local staff through training in all areas of hotel operations.
- Indirect job creation and local supply chain linkages: As in all hotel projects, a significant number of indirect jobs are expected to be created. The Project will generate incremental business and indirect jobs for domestic Micro, Small and Medium Enterprises (MSMEs) in the value chain, construction supply and services during implementation including transportation, F&B suppliers and other service providers.
- Increase in domestic revenues and foreign exchange: The Project is expected to contribute to the domestic economy through increased tax revenues and foreign exchange earnings from overseas travelers.
BENGAL HOTELS AND RESORTS LIMITED
Bengal Hotel and Resorts Limited Mr. Humayun Kabir Director +88029885248 hkabir@bengal.com.bd Bengal House, 75 Gulshan Avenue, Gulshan 1, Dhaka 1212, Bangladesh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Mr. Humayun Kabir (Bablu) Director Bengal Hotel and Resorts Limited Bengal House 75 Gulshan Avenue Gulshan 1 Dhaka 1212 Phone: +88029888248 email: hkabir@bengal.com.bd
Bangladesh
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proceeds of the IFC investment will be used to fund the construction of the hotel in Gulshan-Tejgaon link road in Dhaka.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
U-AA - City and Business Hotel
Total: $18.00 million
18000000.00
18000000.00
BENGAL HOTELS AND RESORTS LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38482/bengal-hotel
XM-DAC-903-SII-38502
International Finance Corporation
Bangla LNG Project
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Upon its development, the Project is expected to be the first LNG import terminal in Bangladesh. The country has been experiencing natural gas shortages due to growing energy demand and depletion of natural gas reserves. Imported LNG is expected to supplement domestic energy sources and improve access to gas for the power sector, industries, and domestic consumers; this is critical for economic growth and public welfare. At its guaranteed capacity, the Project can regasify sufficient LNG for 3,000 megawatts ("MW") of natural gas fired power generation. Furthermore, imported LNG will reduce and displace the use of liquid fuels, which typically have a greater polluting effect on the environment. As the first private midstream infrastructure investment in Bangladesh, the Project is expected to have a strong demonstration effect and its successful development is likely to facilitate further foreign investments in the country's infrastructure sectors.
EXCELERATE ENERGY BANGLADESH LIMITED
Excelerate Energy Limited Partnership Ramon Wangdi Vice President-Business Development 832-813-7678 Ramon.Wangdi@excelerateenergy.com 2445 Technology Forest Blvd, Level 6, The Woodlands, Texas 77381 http://excelerateenergy.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
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Bangladesh
p.cls-NormalWeb { margin-top:0pt; line-height:107.9%; margin-bottom:0pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:13.5pt; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:Calibri; font-size:13.5pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;} The Project will be located 5 kilometers offshore Moheshkhali Island in southeastern Bangladesh; approximately 91 km south of the Chittagong Port.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
E-BA - Oil and Gas Transport or Pipeline
Total: $55.00 million
3900000.00
40150000.00
10950000.00
3900000.00
EXCELERATE ENERGY BANGLADESH LIMITED
40150000.00
EXCELERATE ENERGY BANGLADESH LIMITED
10950000.00
EXCELERATE ENERGY BANGLADESH LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38502/bangla-lng-project
XM-DAC-903-SII-39686
International Finance Corporation
WCS Bank Asia II
The project consists of a short-term loan (Working Capital Solutions, WCS) for up to $40 million to Bank Asia Ltd. (the Bank or Bank Asia) to support the foreign currency needs of small and medium enterprises (SMEs) in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank was incorporated on September 28, 1999 and has total assets of $3.2 billion as of December 31, 2016.
i. Improved Access to Credit: The Project will increase access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation. IFC's investment will further support business growth and spur job creation in the SME and export-oriented segments. ii. Boost Export Competitiveness: IFC's investment will help to accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements, and help them pay for imports needed in the value chain.
BANK ASIA LTD
Bank Asia Limited Md. Zia Arfin EVP & Head of International Division 88027110042 zia.arfin@bankasia-bd.com Rangs Tower, 68,Purana Paltan, Dhaka-1000
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 110 conventional banking branches, along with 4 SME/Agro branches, 6 SME centers, 5 Islamic windows and 1 Off-Shore Banking Unit (OBU) branch, altogether having 126 outlets. The Bank will on-lend IFC money through its OBU. Apart from above, there are 1,180 Agent Banking Outlets.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
BANK ASIA LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39686/wcs-bank-asia-ii
XM-DAC-903-SII-39690
International Finance Corporation
WCS Prime II
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed project consists of a short-term loan (Working Capital Solutions, WCS) for up to $50 million to Prime Bank Limited (the Bank or Prime Bank) to support the foreign currency needs of small and medium enterprises (SMEs) in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. The Bank commenced operations on April 17, 1995 and has total assets of $3.3 billion as of December 31, 2016.
i.\tImproved Access to Credit: The Project will increase access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation. IFC's investment will further support business growth and spur job creation in the SME and export-oriented segments.\r\rii.\tBoost Export Competitiveness: IFC's investment will help to accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements, and help them pay for imports needed in the value chain.
PRIME BANK PLC.
Prime Bank Limited Hassanul Zahed Executive Vice President, International Division 88029570749, 8802 9562617 zahed@primebank.com.bd Head Office, 119-120 Motijheel Commercial Area, Dhaka 1000
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The Bank is headquartered in Dhaka, Bangladesh and has a distribution network comprising 145 branches, including 5 Islamic banking branches. The Banks alternative delivery channels include ATM network, Internet Banking, SMS Banking, Phone Banking, Prime Cash- Biometric Smart Card, POS Services, EFTN. Currently the Bank also has 3 Off-Shore Banking Unit (OBU) branches. The Bank will on-lend the WCS project funds through its OBU.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $50.00 million
50000000.00
50000000.00
PRIME BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39690/wcs-prime-ii
XM-DAC-903-SII-39379
International Finance Corporation
Ananta II Project
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed transaction is an A loan in Ananta Apparels Limited (AAL or the Company). AAL is setting up a washing plant (the Project) in its readymade garments factory located at Adamjee Export Processing Zone of Bangladesh. IFC will invest up to US$6 million in long term debt. The proceeds of the IFC loan will be used to fund the machinery of the washing plant.
- Enable backward integration and allow efficiency gains: The Project will allow backward linkage support to AAL, helping to increase efficiency through cost and time savings, and helping to access orders with higher value addition.
- Addressing climate change: The Project will include use of efficient water consumption, heat absorption and other techniques to improve energy and resource usage efficiency, which will have a demonstration effect on addressing climate change issues in the RMG industry of Bangladesh.
- Employment creation: The Project will help create 1,369 direct jobs upon being commissioned.
ANANTA APPARELS LTD.
Ananta Apparels Limited Mr. Sawasdee Kamal Chowdhury Senior Business Manager +88-01755-02952 sawasdee@ananta-bd.com House 20, Road 99, Gulshan 2, Dhaka 1212, Bangladesh http://www.ananta-bd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Mr. Sawasdee Kamal Chowdhury Ananta Apparels Ltd. House 20, Road 99 Gulshan 2, Dhaka 1212 Bangladesh Phone: +88-01755-02952 Email: sawasdee@ananta-bd.com Fax: +88-02-8810656
Bangladesh
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proceeds of the IFC investment will be used to fund the washing plant in Adamjee Export Processing Zone of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CB - Garment and Apparel (With Primary Textile Operations, Excluding Footwear)
Total: $6.00 million
6000000.00
6000000.00
ANANTA APPARELS LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39379/ananta-ii-project
XM-DAC-903-SII-39516
International Finance Corporation
BRAC Women Banking
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed $50 Mn project is to initiate the Banking on Women (BOW) program in Bangladesh with the association of BRAC Bank Ltd. (BRAC Bank or the Bank), which is a SME focused bank in Bangladesh. This project is a strong fit to IFCs Bangladesh strategic pillar of Inclusion and Gender. It is also the first such project in Bangladesh. Banking on Women program will respond to the large unmet demand for financial services for women in Bangladesh, particularly women-owned SMEs. BRAC Bank was founded in 2001 and is the second largest private lender in the SME segment in Bangladesh. The bank has total assets of USD 3.4 Bn as on December 31, 2016.
- Access to Finance for Women-owned SMEs: The Project is expected to have a considerable impact by increasing access to financial inclusion for women-owned SMEs in Bangladesh, thereby increasing opportunities for women entrepreneurs and improve livelihoods for a wide cross-section of society.
- Job preservation and creation of new jobs: The MSME segment plays a key role in Bangladesh's economy contributing to economic growth and employment. Particularly women entrepreneurs face constraints in accessing credit, inhibiting employment generating growth. Through removing these financial barriers, inclusive growth can be extended within typical women dominated segments, creating more female employment. In addition, women employment is more likely to generate positive externalities as they are more inclined to invest profits in the health and education of their families.
- Demonstration effect: Women-owned businesses are less likely to be banked because they tend to be smaller and less formal. The socio-cultural environment where men are still regarded as the heads of the household owning land and property of the family makes it difficult for women to present assets as collateral to access finance. While banks perceive women-owned businesses to be higher risk, they often do not recognize the economic and social benefit of banking women-owned businesses, who tend to be more loyal customers, less price sensitive and more risk averse. Through IFC's gender specific investment, which will be the first one of its kind in Bangladesh, BRAC Bank and IFC can create a positive demonstration effect, encouraging other Financial Institutions to follow.
BRAC BANK LIMITED
BRAC Bank Limited Md. Shaheen Iqbal Head of Treasury and Financial Institutions shaheen.iqbal@bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 181conventional banking branches, 81 CDMs and 448 SME Units across the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AH - Commercial Banking - SME Finance
Total: $50.00 million
50000000.00
50000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39516/brac-women-banking
XM-DAC-903-SII-40139
International Finance Corporation
ESIP Chaldal
Founded in 2013, Chaldal is the leading online grocery supplier in Bangladesh.
The Company is raising finance to support its continued growth
.
The expected development impact of the project includes:
i) demonstrating the viability of venture investing in Bangladesh, which is expected to have a catalytic effect on the broader venture ecosystem in Bangladesh
ii) contributing to the company's financial sustainability and growth
iii) job creation in warehousing and logistics.
CHALDAL INC
Chaldal Waseem Alim CEO +880-188-1234-567 info@chaldal.com BDBL,Bhaban Kawran Bazaar, Dhaka, 1215, Bangladesh https://chaldal.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
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BDBL,Bhaban Kawran Bazaar, Dhaka, 1215, Bangladesh
Bangladesh
Chaldal has its registered office in Dhaka. It currently has 5 warehouses spread around the city.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
Q-BA - Retail (Including Supermarkets, Grocery Stores, etc.)
Total: $3.00 million
3000000.00
3000000.00
CHALDAL INC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40139/esip-chaldal
XM-DAC-903-SII-39706
International Finance Corporation
WCS BRAC III
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The project consists of a short-term loan (Working Capital Solutions, WCS) for up to $40 million to BRAC Bank Ltd. (the Bank or BRAC Bank) to support the foreign currency needs of small and medium enterprises (SMEs) in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation.
The Bank was established in 2001
to assist the development of rural SMEs whose financial needs were not met by the conventional banking channels and has total assets of $3.5 billion as of September 30, 2017.
1. Improved Access to Credit: The Project will increase access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation. IFC's investment will further support business growth and spur job creation in the SME and export-oriented segments.
2. Boost Export Competitiveness: IFC's investment will help to accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to their working capital requirements, and help them pay for imports needed in the value chain.
BRAC BANK LIMITED
BRAC Bank Limited Mr. Md. Shaheen Iqbal Head of Treasury & Financial Institutions +88 02-8801261 shaheen.iqbal@bracbank.com Tejgaon-Gulshan Link Road, Dhaka-1208, Bangladesh https://www.bracbank.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 112 conventional banking branches, 100 zonal offices, 448 SME Unit offices, 481 ATMs, 81 CDMs and 1 Off-Shore Banking Unit (OBU) branch. The Bank will on-lend IFC money through its OBU. Apart from above, the Bank has relationships with 456 correspondent banks.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39706/wcs-brac-iii
XM-DAC-903-SII-40178
International Finance Corporation
SM2PCL Project
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The Project is expected to be commissioned by January 2021. The sole offtaker for the Project will be Bangladesh Power Development Board (BPDB). General Electric (GE) will be the Engineering, Procurement and Construction (EPC) contractor for the Project.
1) Reduce power deficit: The Project will be one of the largest IPPs to be commissioned in Bangladesh, which continues to have a severe power deficit. It is expected to contribute to improve the resilience of the electricity sector by helping reduce the acute supply shortage with a high-efficiency dual fuel plant.
2) Reduce overall power generation cost: The Project has a competitive tariff compared to other gas fired plants in the country, and much lower than oil based rental power plants; which offers a strategic solution to Bangladesh's long-term power needs and helps the country to lower its power generation cost.
3) Greater access to energy: Power produced from the Project is expected to reach about 6.87 million consumers in Bangladesh.
4) Employment generation: The Project is likely to create jobs for locals (both direct and indirect) during construction (800-1000) and operation phases (80).
SUMMIT MEGHNAGHAT II POWER COMPANY LIMITED
Summit Meghnaghat II Power Company Limited Md. Reaz Uddin Chief Executive Officer +8801755521259 reaz.uddin@summit-centre.com Summit Centre, 18, Kawran Bazar Commercial Area, Dhaka-1215 www.summit-centre.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
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Summit Centre, 18, Kawran Bazar Commercial Area, Dhaka-1215
Bangladesh
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The Project will be located in Meghnaghat Power hub in Narayanganj, approximately 30 km south-east of Dhaka on the right bank of River Meghna. The project site is accessible from Dhaka-Chittagong highway (N1) near the Meghnaghat toll plaza through an access road of about 1 km. The Meghnaghat power hub is surrounded by Meghna River in the north, west and south directions. The Meghnaghat power hub currently has three operating power plants with total capacity of 887 MW.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
V-AE - Multi Fuel - Thermal Power Generation
Total: $125.00 million
5000000.00
120000000.00
5000000.00
SUMMIT MEGHNAGHAT II POWER COMPANY LIMITED
120000000.00
SUMMIT MEGHNAGHAT II POWER COMPANY LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40178/sm2pcl-project
XM-DAC-903-SII-38777
International Finance Corporation
IDLC Finance
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The proposed project consists of senior financing to IDLC Finance Limited (IDLC or the Company). The proceeds will be utilized by IDLC for supporting affordable housing finance for purchase / construction & extension of house to individuals under low and medium income group in Bangladesh.
IDLC is the largest NBFI in Bangladesh registered with the Bangladesh Bank. The Company has a substantial SME portfolio and presence in Tier II/III cities. As of December2017, the Company held US$1.2 billion in assets and ~20% of its loan portfolio was dedicated to housing finance.
The project will be supported by the Local Currency Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. The Local Currency Facility will help deepen the housing market by supporting longer-term local currency lending, and will contribute to make homeownership more affordable thanks to the extension of mortgage loans maturities.
1. Creating a new asset class and improving access to finance: A commercially viable affordable housing finance product can open up a new frontier segment for financial institutions contributing to the financial sector development and improving access to finance especially in the lower income segments.
2. Job creation: Real Estate & housing industry is one of the largest job creators in Bangladesh. By supporting the expansion of housing finance this project will also contribute to job creation in Bangladesh.
IDLC Finance Limited
IDLC Finance Limited Mr. Mohammad Jobayer Alam Head-Treasury & Strategic Planning +880 (2)8834990 jobayer@idlc.com 57 Gulshan Avenue, Gulshan-1 www.idlc.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Company is headquartered in Dhaka, Bangladesh. IDLC has branch presence in regional towns (outside of Dhaka and Chittagong) via its network of 32 branches.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-EA - Primary Mortgage Institutions
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38777/idlc-finance
XM-DAC-903-SII-40874
International Finance Corporation
RSF HSBC BD
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The proposed transaction entails providing unfunded risk sharing facility (RSF) to HSBC Bangladesh (the Bank) on a portfolio basis. The underlying portfolio will comprise of asset totaling US$200 million equivalent, which IFC will risk share on a 50:50 basis (i.e. maximum IFC exposure not to exceed US$100 million equivalent). The RSF will support the Bank to extend additional finance to its existing clients in sectors which have significant impact on the growth of Bangladesh economy and are also of strategic importance and relevance to IFC, namely Agribusiness, Power, Climate/Clean energy, RMG
(Ready Made Garment
) and Pharmaceuticals.
1. Increased access to finance- The project will increase access to finance for agribusiness, energy, manufacturing, Readymade Garments and Pharmaceuticals sectors in Bangladesh. Improved availability of credit to these sectors is expected to benefit consumers, producers and buyers along the value chain and therefore support economic growth, increase employment and encourage the generation of higher income in these sectors.
2. Support Key local industries as ultimate recipients of funds under this project would be buyers of raw materials, processors and manufacturers in order to support their future growth.
RSF HSBC Bangladesh
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
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Bangladesh <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
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Shanta Western Tower, <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"> 186 Bir
Uttam Mir Shawkat Ali Road, <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"> Tejgaon
I/A, Dhaka-1208, Bangladesh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Bank operates in
Bangladesh
through its branches and
offers a range of financial services including Commercial Banking, Retail Banking, Liquidity and Cash Management, Trade & Receivable Finance, Global Markets & Security Services. The Bank also has an Offshore Business Unit (OBU) license since 1998 and provides foreign currency financing to qualifying customers.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $100.00 million
100000000.00
100000000.00
RSF HSBC Bangladesh
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40874/rsf-hsbc-bd
XM-DAC-903-SII-39532
International Finance Corporation
ONE Bank Debt
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The proposed project consists of a Working Capital Solutions (WCS) facility for up to $30 million, a green/sustainable finance loan for up to $20 million and a $30 million guarantee under Global Trade Finance Program (GTFP) to ONE Bank Limited (the Bank or ONE Bank). The purpose of the IFC funding is to support and fund the Banks trade and lending program to its clients with focus on SME and to green subprojects in Bangladesh.
ONE Bank was incorporated in May 1999 as a private commercial bank. The Bank is listed on the Dhaka and Chittagong Stock Exchanges. The Bank's total assets stood at $2.7 billion as of September 2017
i. Inclusiveness: The proposed WCS will mostly support access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation.
ii. Sustainability: Through the green loan component of the project, IFC will contribute to the green and sustainable growth of the economy.
iii. Boost Export Competitiveness: The project will help economic growth in Bangladesh by providing exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized. This, in turn, improves their working capital cycle, thereby providing a boost in exports.
ONE BANK LIMITED
ONE Bank Ltd. Mr. Shabbir Ahmed Additional Deputy Managing Director 88 02 9118161 shabbir.ahmed@onebank.com.bd 46, Kawran Bazar C/A, Dhaka-1215, Bangladesh www.onebank.com.bd/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Bank is headquartered in Dhaka, Bangladesh. ONE Bank at present has a branch network of 95 branches across the entire Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $50.00 million
50000000.00
50000000.00
ONE BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39532/one-bank-debt
XM-DAC-903-SII-41088
International Finance Corporation
Bank Asia-Green
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The proposed investment (Project) is a straight senior loan of up to USD 40 Mn to IFCs existing client, Bank Asia Limited (Bank Asia or the Bank). The proceeds would be used by the Bank to develop a Green portfolio of loans in renewable energy and energy efficiency. The investment aims to catalyse the growth of Green Lending Programs for Banks in Bangladesh. This will also be FIGs first climate finance investment with a partner institution in Bangladesh
.
Environmental Impact: This project expects to allow Bank Asia to improve lending facilities for climate finance and develop their green portfolio. An initial assessment of the use of the proceeds of this investment projects a reduction of GHG emissions by 98,943 tCO2/year.
BANK ASIA LTD
Bank Asia Limited Md. Zia Arfin Md. Zia Arfin 88027110042 zia.arfin@bankasia-bd.com Rangs Tower, 68,Purana Paltan, Dhaka-1000 http://www.bankasia-bd.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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Bank Asia is headquartered in Dhaka, Bangladesh and has 120 branches across the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
BANK ASIA LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41088/bank-asiagreen
XM-DAC-903-SII-37955
International Finance Corporation
WCSS Pubali Bank
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The proposed project comprises of an investment of up to USD 50 million Working Capital Solutions (WCS) and USD 30 million Global Trade Finance Facilities (GTFP) with Pubali Bank Limited (PBL or the Bank). The investment intends to (i) support the MSME growth strategy and (ii) expand the USD denominated trade business through the Banks Offshore Banking Unit. The financing provided is a fit with IFC country strategy of creating access to finance for SMEs and financial inclusion through investments in FIs.
Pubali Bank Limited is the largest conventional (non shariah) commercial bank in Bangladesh with an asset size of USD 4.2 Bn which represents ~5% of private commercial bank assets in Bangladesh and a deposit base of USD 3.2 Bn. It is a universal bank providing corporate, SME and retail banking services
.
(i) Stakeholders: Pubali Bank's growth strategy compliments IFC's Bangladesh country strategy of creating access to finance for SMEs. The Bank's outreach provides access to the underserved SME sector and enables the Bank to upscale appropriate microenterprises to small enterprises and link them to related businesses through their network. IFC anticipates that this will promote social and business integration.
(ii) Sustainability: IFC partnership will assist the Bank to upgrade E&S Management System, ensure screening of trade transactions against IFC Exclusion List, additional eligibility criteria, and Host Country Regulations.
(iii) Inclusiveness: As per the MSME Finance Gap report prepared jointly by the SME Finance Forum and IFC, the financing gap for MSMEs in 2017 is USD 38.9 Bn. IFC expects the partnership with the Bank to highlight the viability of extending banking services to MSMEs through demonstration and replication to other Tier II/III banks.
PUBALI BANK LIMITED
Pubali Bank Limited Mr. Md. Shahadat Hossain GM, International Division & Treasury Division 88029551614 shahadat.id@pubalibankbd.com Head Office, 26 , Dilkusha Commercial Area, Dhaka - 1000, Bangladesh https://www.pubalibangla.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Bank is headquartered in Dhaka and has the largest branch network amongst private commercial banks in Bangladesh with 459 branches across the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AD - Commercial Banking - Trade
Total: $100.00 million
100000000.00
100000000.00
PUBALI BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37955/wcss-pubali-bank
XM-DAC-903-SII-41076
International Finance Corporation
DBL Syndication
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The project consists of a short-term loan (Working Capital Solutions, WCS) for up to US$50 million, consists of a mobilization of US$30 -US$40 million through IFC led B-Loan investments and IFC own investment of up to US10 US$20 million in Dhaka Bank Limited (the "Bank" or "Dhaka Bank") to support the expansion of the USD denominated trade business of the Bank through its Offshore Banking Unit. This will be the first syndication for a Financial Institution in Bangladesh with commercial banks as investors, hence creating a market for international commercial banks to invest in syndicated loans to Banks in Bangladesh and enhancing the Banks access to finance.
The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. It is also aligned with financial inclusion pillar under IFCs country strategy for Bangladesh, as the mobilization component is expected to creating markets for private sector investors.
Dhaka Bank commenced operations on April 06, 1995 and publicly listed in Dhaka and Chittagong Stock Exchanges. The Bank has total assets of $2.8 billion as of September 30, 2017.
i. Improved Access to Finance: The Project will increase access to finance for credit-constrained, export-oriented companies and SMEs to meet working capital requirements. It will also expand financial intermediation.
ii. Job Creation: IFC's investment will further support business growth and spur job creation in the SME and export-oriented segments.
iii. Boost Export Competitiveness: The project will help economic growth in Bangladesh by providing exporters with trade finance solutions to their working capital requirements and assist in payments for imports utilized. This, in turn, improves their working capital cycle, thereby providing a boost in exports.
DHAKA BANK LTD.
Dhaka Bank Limited S.M. Mahbubul Alam Vice President, International Division 880258314419 mahbubul.alam@dhakabank.com.bd 71, PuranaPaltan Lane, Dhaka www.dhakabankltd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
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The Bank is headquartered in Dhaka, Bangladesh and has a countrywide presence via 100 branches including 2 Islamic Banking branches, 2 Offshore Banking Units and 56 owned ATMs.
The Bank is present in almost all major cities of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AD - Commercial Banking - Trade
Total: $10.00 million
10000000.00
10000000.00
DHAKA BANK LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41076/dbl-syndication
XM-DAC-903-SII-40683
International Finance Corporation
Esquire Knit Composite Limited
0 0 0 0 0 0 0 0 0.0000 Esquire Knit Composite Limited (the Company or EKCL), an existing IFC AS client and one of Bangladeshs integrated knitted apparels manufacturer and exporter, has approached IFC to finance the expansion of its ready made garments (RMG) cutting and sewing operations (the Project). The Project involves setting up a new cutting and sewing factory in Bhaluka , Mymensingh, Bangladesh. The new facility, to be housed in a green building, will comprise 102 sewing lines, seamless garment knitting, molded bra cup technology and automatic cutting and sewing for production of active wear and lingerie. The proposed Project will increase EKCLs cutting and sewing capacity by 31.8 million pieces per year, which will be fully exported to major global retailers.
Stakeholder's impacts:
i. Employment growth: The Project will create 5,500 additional jobs, mostly for women. Additionally, the number of temporary workers required for the construction at its peak is 300.
ii. Employee skills/know-how: The Project is going to attract skilled recruits and further develop their skill sets through various training program required by the new technologies and product range, and thus adding to the skilled workers base in Bangladesh.
iii. Effect on emissions and waste generation: EKCL's new factory will be a LEED certified green factory. Supported by IFC's Advisory Program Partnership for Cleaner Textile (PaCT), the factory will focus on water, wastewater, and chemicals conservation and energy efficiency.
Market impact:
i. Contribution to Market Creation: The Project, along with IFC's advisory services engagements in Bangladesh, has the potential to promote greater market sustainability and integration in the RMG sector in Bangladesh.
ii. Impact on market emissions and waste generation: The project, along with IFC's advisory services engagements in Bangladesh, will help foster adoption of environmental and social sustainability principles by firms and consumers across the sector through direct capacity building channels and demonstration effects as a result of EKCL's success.
iii. Increasing manufacturing complexity: The Project is expected to upgrade the company to a more value adding level, involving advanced products, innovative product development, automated production technology and up-grading of professional skills of the personnel. It could potentially be the model that other factories will follow as Bangladesh is climbing up to higher value garment products.
ESQUIRE KNIT COMPOSITE LIMITED
Esquire Knit Composite Limited Mr. Kamal Munasinghe CEO- Textile Division Kamal.munasinghe@esquirebd.com 102, Shaheed Tajuddin Ahmed SaraniTejgaon I/A, Dhaka - 1208 www.esquire.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Esquire Knit Composite Limited 102, Shaheed Tajuddin Ahmed SaraniTejgaon I/A, Dhaka 1208 Website: www.esquire.com.bd
Bangladesh
Bhaluka , Mymensingh, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CB - Garment and Apparel (With Primary Textile Operations, Excluding Footwear)
Total: $22.00 million
22000000.00
22000000.00
ESQUIRE KNIT COMPOSITE LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40683/esquire-knit-composite-limited
XM-DAC-903-SII-40929
International Finance Corporation
PRAN Agro Business Ltd
0 0 0 0 0 0 0 0 0.0000 The group of companies known as PRAN Group (PRAN or the Group) was established in 1981 and is the leading branded food and beverage group and the largest agro-processor in Bangladesh. The Group is a well-known household brand in Bangladesh, and produces more than 400 food products in at least 10 major categories including juices and drinks, snacks, dairy, spices, confectionary and frozen foods. PRAN exports to 134 countries around the world. PRAN is planning (i) a capacity expansion of several of its existing food products (fruit juices, biscuits, noodles, and spices) through a US$65 million capital expenditure investment at P RAN A gro B usiness L imited (PABL) as well as (ii) a refinancing of short term working capital facilities at PRAN Agro Limited (PAL) and Natore Agro Limited (N AL ) of BDT1,600 million (up to US$20 million) for a total project cost of approximately US$85 million (the Project). The capacity expansion will be undertaken at PABL, an entity of the PRAN Group , at two sites in Natore and Rajshahi. The expansion will include the following components: (i) setting up an aseptic pulping facility in Rajshahi for increasing fruit-based beverage capacity; (ii) increasing production capacity of spice products; (iii) expansion of noodle-making capacity and backward integration into flour milling; (iv) developing a distribution channel of 1,500 distributors; (v) modernizing existing operations.
(1) Greater farmer reach: The project is expected to help PRAN increase its farmer network by procuring raw materials from an incremental 10,000 farmers, thus contributing to market creation for these farmers.
(2) Increased job creation and MSME improvement: The project is expected to create approximately 650 incremental direct jobs and 4,000 indirect jobs, including sizeable female employment (around 60% of PRAN's workforce is female). In addition, the project is expected to create additional indirect employment in micro, small, and medium enterprises (MSMEs) along the value chain.
(3) Setting food safety standards and local demonstration effect: By increasing the availability of hygienically-packaged food, the project would help to set higher standards on food safety in the country for other players, including a large base of farmers.
(4) Extension services: The project is expected to support climate smart agriculture through implementation of good agricultural practices (GAP) for incremental farmers in its supply chain for key crops such as mango, tomatoes, turmeric and cassava.
Pran Agro Limited
PRAN Group Ms. Uzma Chowdhury Finance Director +88-02-9881792 Ext. 162 uzma@prangroup.com PRAN-RFL Centre, 105 Middle Badda, GPO BOX #83 Dhaka 1212, Bangladesh www.pranfoods.net
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Same as above under Project Locations.
Bangladesh
PABL site in Natore: Chandpur, Pirgonj, Natore Sadar, Natore, Bangladesh.
PABL site in Rajshahi: Vill: Amanotpur, P/O: Pirijpur (6290), 6 Matikata Union Porishad, (Ward No. 3), P/S:
Godagari, Dist: Rajshahi, Bangladesh.
PAL: Tabaria Union, Hat Singradaha, Ekdala, Natore, Bangladesh.
NAL: Tabaria Union, Hat Singradaha, Ekdala, Natore, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
F-AE - Fruit and Vegetable Preservation or Processing (Canning, Freezing, Drying, Jams, etc.)
Total: $48.93 million
48930000.00
48930000.00
Pran Agro Limited
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40929/pran-agro-business-ltd
XM-DAC-903-SII-40464
International Finance Corporation
Omera LPG Project
0 0 0 0 0 0 0 0 0.0000 Omera Petroleum Ltd. (Omera or the company) is the second largest liquefied petroleum gas (LPG) player in Bangladesh, with a throughput capacity of 12 0,000 metric ton per annum (MTPA). The company has its main import storage terminal in Mongla, and three satellite storage / bottling stations in Ghorashal (Central region), Bogra (Northern region) and Chittagong (Southern region), respectively. Omera has a fleet of one river barge, road tankers, and contract distributors cylinder trucks to transport LPG from central terminal to satellite stations, and to customers. All storage terminals and filling stations are located along the rivers / main roads and inside industrial areas.
1. Stakeholders Effects:
a) Customers effects: Currently, about 90% of natural gas in Bangladesh is used to generate electricity, with demand from both domestic household and industrial segments expected to grow substantially. However, there is a daily shortage of natural gas of approximately 1,000 million cubic feet (mmcft/day) which might cause major disruptions to the economic activities if remain unaddressed. Due to the shortage of natural gas, LPG is even more needed now especially by the domestic households as natural gas is increasingly diverted for industrial and power sector use. The Project will help minimize the shortage gap and address the lack of storage facilities that have become the bottleneck in the distribution chain by increasing the storage capacity at various stages in the value chain. The other bottleneck is in the downstream logistic services, where certain locations are hard to reach or that the transport lead time is long, both due to the constraints in the transportation infrastructure. The Project will help smoothen the distribution of LPG to the end users by constructing capacity barges, cylinder carrying barges, and upgrading the LPG road tankers fleet. This will direct and indirectly increase the reliability of supply by shortening the delivery time and lowering the transportation costs, and to ensure end customers will have access to LPG when they need them.
b) Distributors effects: OPL has established a strong distribution channel with more than 200 distributors across the country. OPL is now present in more than 22,000 retail points in the country, and has presence in all the administrative sub-districts of Bangladesh. The project will increase economic activity of these distributors and retailers, most of them MSMEs, due to the higher volume of LPGs and number of cylinders being distributed to the end users. By 2020, additional 2.1 million cylinders will have been distributed to the market and by 2018, additional 3,000 retailers will have been added to the distribution network.
2. Contribution to Market Creation:
a) Resilience: The project will help create a more resilient energy system through promotion of supply diversification, by helping a private sector player such as OPL deliver LPG to the market. The Project also supports the Government of Bangladesh's policy to dedicate the natural gas production to power generation and industrial consumption, which are currently facing erratic and short supplies. Allocating more natural gas to power generation and fulfil the demand of the household segment with LPG will not only create a more resilient energy system but also lead to better manufacturing productivity and thus generate greater economic value from scarce natural gas resources.
b) Sustainability: This project will support the promotion of LPG which has low greenhouse gas emission characteristics when compared to for example, conventional cooking fuels such as firewood, kerosene and charcoal. Usage of these conventional cooking fuels have reduced drastically in rural Bangladesh, but represent still around 75% of the consumption of cooking fuels, so there is a big potential for LPG to reduce greenhouse gas emissions. Inefficient cooking emits greenhouse gases such as carbon dioxide and methane, and aerosols such as black carbon. Better access to LPG in rural areas of Bangladesh through new distribution networks will provide a cleaner and efficient fuel than biomass, reducing overall emissions and thereby improving overall health of the local population. Unlike firewood and charcoal, LPG is easy and instantaneous to light, easy to control so that the required rate of heating can be obtained. LPG does not produce any smoke or soot therefore in overall is more environmentally friendly and sustainable compared to conventional cooking fuels.
OMERA PETROLEUM LIMITED
Omera Petroleum Limited Mohammad Asaduzzaman Head of Corporate Affairs & Company Secretary +880-2-9886311-15 mohammad.asaduzzaman@omeralpg.com Omera House, SW (B) 16, Road 9, Gulshan-1, Dhaka-1212 http://omeralpg.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Contact Person: Mohammad Asaduzzaman Company Name: Omera Petroleum Limited Address: Omera House, SW (B) 16, Road 9, Gulshan-1, Dhaka-1212 Email: mohammad.asaduzzaman@omeralpg.com Phone: +880- 2-9886311-15 Facsimile: +880- 2-9886310
Bangladesh
Omera has its main import terminal in Mongla. OPL has established three other satellite filling and bottling
stations at Ghorashal (Central region), Bogra (Northern region) and Chittagong (Southern region). The
proposed IFC financing will support Omera's operations through these regions.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
G-AC - Other Petroleum and Coal Products
Total: $20.00 million
20000000.00
20000000.00
OMERA PETROLEUM LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40464/omera-lpg-project
XM-DAC-903-SII-39231
International Finance Corporation
Ananta Mixed Use
0 0 0 0 0 0 0 0 0.0000 Ananta Hotel and Resorts Limited (AHRL, the Company or the Borrower), has undertaken to develop a greenfield mixed-use property in Dhaka, Bangladesh, consisting of: ( i ) a 300-room upscale business hotel; (ii) a branded residential tower with 71 units of 3-4 bedrooms each, and; (iii) a commercial building with 15 office floors and 2 retail levels (the Project). The proposed IFC financing package will finance the hotel and the residential tower, whereas the office and retail building will be financed by local banks with no involvement from IFC. The Project will be the first ever branded mixed-use development in Bangladesh . The hotel and the residential tower will be operated and managed by Marriott International Inc. (Marriott), under its Marriott Hotel and Residences brand.
- Employment creation and knowledge transfer: The Project will create approximately 450 permanent jobs (including ~20% female jobs), as well as approximately 1000 temporary jobs during construction. It will also promote knowledge transfer to local staff through training in all areas of hotel operations, management of the residential tower, and operations of the commercial building.
- Indirect job creation and local supply chain linkages: The Project will generate incremental business and indirect jobs for domestic Micro, Small and Medium Enterprises (MSMEs) in the value chain, construction material supply and services during implementation and transportation, F&B suppliers and other service providers during operation.
- Increase in domestic revenues and foreign exchange: The Project is expected to contribute to the domestic economy through increased tax revenues and foreign exchange earnings from overseas travelers.
- Competitiveness: The Project will increase the supply of business infrastructure, and given the high existing demand for it and lack of adequate similar property developments, has the potential to have demonstration effects in the sector and contribute to driving growth in the export sector and other economic activities in Bangladesh.
ANANTA HOTELS AND RESORTS LIMITED
Ananta Hotels and Resorts Ltd Sawasdee K. Chowdhury Senior Manager sawasdee@ananta-bd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Rowshan Tamanna Senior Investment Officer 5752-1558
Bangladesh
The mixed-use Project will be located at Bhatara, Madani Avenue, Dhaka
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
U-AA - City and Business Hotel
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39231/ananta-mixed-use
XM-DAC-903-SII-42000
International Finance Corporation
Epyllion Knit
Epyllion Knit Wear Limited (the Company or EKWL), an existing IFC Advisory Services client and one of Bangladeshs integrated knitted apparels manufacturers and exporters, has approached IFC to finance the expansion of its Ready-Made Garments (RMG) cutting and sewing operations (the Project). The Project involves setting up a greenfield factory in Narayanganj, which will comprise 50 sewing lines, washing facilities, and embellishment capabilities. The proposed Project will increase Epyllions cutting and sewing capacity by 25 million pieces per year from current capacity of 16 million to post project capacity of 41 million pieces per year, which will be fully exported to major global retailers.
Stakeholder's impacts:
i. Employment Growth: The Project will create 5,900 additional jobs, mostly for women.
ii. Employee skills/know-how: The Project is going to attract skilled recruits and further develop their skill sets through various training program required by the new technologies and product range, and thus adding to the skilled workers base in Bangladesh.
iii. Effect on emissions and waste generation: EKWL's new factory will be a LEED certified green factory.
Market impact:
i. Contribution to Market Creation: The project, along with IFC's advisory services engagements in Bangladesh, has the potential to promote greater market sustainability and intergration in the RMG sector in Bangladesh.
ii. Impact on market emissions and waste generation: The project, along with IFC's advisory services engagements in Bangladesh, will help foster adoptioin of environmental and social sustainability principles by firms and consumers across the sector through direct capacity building channels and demonstration effects as a result of EKWL's success.
iii. Increasing manufacturing complexity: The Project is expected to upgrade the company to a more value adding level, involving advanced products, innovative product development, automated production technology and up-grading of professional skills of the personnel. It could potentially be the model that other factories will follow as Bangladesh is climbing up to higher value garment products.
Epyllion Group
Epyllion Knitwears Limited Epyllion GroupNina Kabbo, 227/A, Gulshan-Tejgaon Link Road, Tejgaon, Dhaka-1208Tel: 9840223Fax: 88-02-9855293Mobile: 01730-725925arshad@epylliongroup.com Chief Financial officer +88029840223 arshad@epylliongroup.com Nina Kabbo, 227/A, Gulshan-Tejgaon Link Road, Tejgaon, Dhaka-1208Bangladesh www.epylliongroup.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Epyllion Group Nina Kabbo , 227/A, Gulshan-Tejgaon Link Road, Tejgaon, Dhaka-1208 Bangladesh
Bangladesh
The Project is located in Narayanganj, around 25 kilometres south of Dhaka. The Project is accessible by road.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CA - Garment and Apparel (Without Fabric , Excluding Footwear)
Total: $14.44 million
14440000.00
14440000.00
Epyllion Group
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42000/epyllion-knit
XM-DAC-903-SII-43681
International Finance Corporation
MAL - PRAN Project
The group of companies known as PRAN Group (PRAN or the Group) was established in 1981 and is the leading branded food and beverage group and the largest agro-processor in Bangladesh. The Group is a well-known household brand in Bangladesh, and produces more than 400 food products in at least 10 major categories including juices and drinks, snacks, dairy, spices, confectionary and frozen foods. PRAN exports to 134 countries around the world. The project is to support long-term working capital financing as well as financing of additional capital expenditures for wafer and aseptic lines, as well as maintenance capital expenditures at PRAN entity Mymensingh Agro Limited (MAL or the Company) for a total project cost of approximately US$56.8 million (the Project).
By supporting MAL's capacity to sustain operations during this COVID pandemic, IFC helps position the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. The most significant, expected Project-level outcome is helping the Company maintain its operations thus preserving employment levels and economic activity throughout the value chain, especially through sourcing relationships with local farmers. Beyond the Project, IFC anticipates that contribution to market creation will be through enhancing the sector's resilience to withstand the impacts of the crisis.
MYMENSINGH AGRO LIMITED
Mymensingh Agro Limited Mr. Nirupam Dutta +88-2-9881792 bd26@prangroup.com PRAN-RFL Center, 105 Middle Badda, Dhaka-1212, Bangladesh https://www.pranfoods.net/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Yes, Head Office Location: PRAN-RFL Center , 105 Middle Badda , Dhaka-1212, Bangladesh . Project Location: Malgaon , Kailgonj , Gazipur, Bangladesh .
Bangladesh
Malgaon, Kailgonj, Gazipur, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
A-AF - Fruits and Vegetables
Total: $25.00 million
25000000.00
25000000.00
MYMENSINGH AGRO LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43681/mal-pran-project
XM-DAC-903-SII-43909
International Finance Corporation
WCS Crisis Response Prime Bank
The proposed Project is an up to US$35 million Working Capital Solutions (WCS) facility to be extended to Prime Bank Limited (Prime Bank or the Bank) in Bangladesh, under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. This proposed Project is a one-year facility, renewable for an additional one year, for a maximum aggregate tenor of two years. This Project will support working capital, trade finance and FX liquidity needs of the sub-borrowers (export/import-based SMEs and Corporates) through Prime Banks Off-Shore Banking Unit. In addition, IFC as implementing entity of the IDA Private Sector Window (PSW) Blended Finance Facility is expected to support working capital loans in PSW eligible countries under the WCS Facility with a first loss guarantee of up to US$215 million (blended concessional finance co-investment). Without the de-risking provided by IDA PSW, IFC will be limited in its ability to support Working Capital loans in IDA PSW countries given the increased demand for financing and the high risk in IDA PSW countries. This support is targeted in the context of responding and helping with the resilience measures around COVID-19 crisis. The level of concessionality provided to the WCS Facility by the blended concessional finance co-investment is estimated to be approximately 3% of the total PSW eligible facility size, which will be up to US$860 million. This estimate is based on the difference between (i) a reference price (either a market price if available; the price calculated using IFCs pricing model, which comprises three main elements: risk, cost and profit; or a negotiated price) and (ii) the concessional price being charged by the blended concessional finance co-investment. Further details and historical information on estimated subsidy levels in IFCs blended finance portfolio can be found at: www.ifc.org/blendedfinance. As is the case with all of IFCs blended concessional finance co-investments, this project has been assessed against the Enhanced Blended Concessional Finance Principles for DFI Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017. Further information on these Enhanced Principles and IFCs blended finance approach and governance can also be found at: www.ifc.org/blendedfinance. To support this increase in trade volumes at this most critical time, IFC is starting this support through existing clients while remaining open to engaging with other eligible financial institutions providing working capital in emerging markets.
This proposed Project is estimated to provide ~US$133 million of liquidity in aggregate over the maximum life of the Project (up to 2 years) to Prime Bank, which will then on lend to up to 110 export-import based corporate and SME customers and support critical sectors like RMG/textile, Power, Pharma, Chemical, etc.
By sustaining the Banks' ability to provide these services, IFC's proposed facility is intended to promote the resilience of trade finance markets, as well as broader stability that comes about by providing for the going concern of market participants in Bangladesh. Turbulence in global funding markets, among other factors, has made it difficult for the extensive network of clients and partner banks to maintain their role as an enabling platform for liquidity to multiple emerging markets, many experiencing their own acute liquidity shocks while the need for liquidity increases. IFC expects the facility to attract additional private sector investors and partners to support emerging market liquidity, strengthening the market's ability to absorb shocks imposed by the current crisis.
PRIME BANK PLC.
PRIME BANK LIMITED Shams Abdullah Muhaimin Senior Executive Vice President +880 (2) 55068720 shams.muhaimin@primebank.com.bd Simple Tree Anarkali, 7th Floor, 89, Gulshan Avenue, Dhaka - 1212 www.primebank.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $35.00 million
35000000.00
35000000.00
PRIME BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43909/wcs-crisis-response-prime-bank
XM-DAC-903-SII-42171
International Finance Corporation
WCS Crisis Response City Bank
The proposed Project is an up to US$40 million (under two separate tranches) Working Capital Solutions (WCS) facility to be extended to The City Bank Limited (City Bank or the Bank) in Bangladesh, under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. This proposed Project is a one-year facility, renewable for an additional one year, for a maximum aggregate tenor of two years. This Project will support working capital, trade finance and FX liquidity needs of the sub-borrowers (export/import-based SMEs and Corporates) through City Banks Off-Shore Banking Unit.
This proposed Project is estimated to provide ~US$110 million of liquidity in aggregate over the maximum life of the Project (up to 2 years) to City Bank, which will then on lend to up to 70 or more export-import based corporate and SME customers and support critical sectors like RMG/textile, Power, Pharma, Chemical, Edible Oil etc.
By sustaining the Banks' ability to provide these services, IFC's proposed facility is intended to promote the resilience of trade finance markets, as well as broader stability that comes about by providing for the going concern of market participants in Bangladesh. Turbulence in global funding markets, among other factors, has made it difficult for the extensive network of clients and partner banks to maintain their role as an enabling platform for liquidity to multiple emerging markets, many experiencing their own acute liquidity shocks while the need for liquidity increases. IFC expects the facility to attract additional private sector investors and partners to support emerging market liquidity, strengthening the market's ability to absorb shocks imposed by the current crisis.
THE CITY BANK LIMITED
THE CITY BANK LIMITED Sheikh Mohammad Maroof Additional Managing Director and Head of Wholesale Banking, Trade Services, SME- Small & Micro Finance +8802 8834767, Ext-1331 smaroof@thecitybank.com 136, Gulshan AvenueGulsha-2, Dhaka-1212 www.thecitybank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
THE CITY BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42171/wcs-crisis-response-city-bank
XM-DAC-903-SII-43813
International Finance Corporation
Bank Asia WCS CR
The proposed Project is an up to US$25 million Working Capital Solutions (WCS) facility to be extended to Bank Asia Limited (Bank Asia or the Bank) in Bangladesh, under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. This proposed Project is a one-year facility, renewable for an additional one year, for a maximum aggregate tenor of two years. This Project will support working capital, trade finance and FX liquidity needs of the sub-borrowers (export/import-based SMEs and Corporates) through Bank Asias Off-Shore Banking Unit.
This proposed Project is estimated to provide ~US$110 million of liquidity in aggregate over the maximum life of the Project (up to 2 years) to Bank Asia, which will then on lend to up to 70 or more export-import based corporate and SME customers and support critical sectors like RMG/textile, Power, Pharma, Chemical, Edible Oil etc.
By sustaining the Banks' ability to provide these services, IFC's proposed facility is intended to promote the resilience of trade finance markets, as well as broader stability that comes about by providing for the going concern of market participants in Bangladesh. Turbulence in global funding markets, among other factors, has made it difficult for the extensive network of clients and partner banks to maintain their role as an enabling platform for liquidity to multiple emerging markets, many experiencing their own acute liquidity shocks while the need for liquidity increases. IFC expects the facility to attract additional private sector investors and partners to support emerging market liquidity, strengthening the market's ability to absorb shocks imposed by the current crisis.
BANK ASIA LTD
Bank Asia Limited Md. Zia Arfin Senior Executive Vice President and Head of International Division +8809617001400-Ext. 001401 zia.arfin@bankasia-bd.com Bank Asia Tower, Level-6, 32 & 34, Kazi Nazrul Islam Avenue, Kawran Bazar, Dhaka-1215, Bangladesh www.bankasia-bd.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $25.00 million
25000000.00
25000000.00
BANK ASIA LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43813/bank-asia-wcs-cr
XM-DAC-903-SII-43149
International Finance Corporation
City: Rupshi
Rupshi Flour Mills Limited (Rupshi or the Company) is a greenfield flour refining plant with a capacity of 5,000 MT per day in City Economic Zone in Rupshi, 30km south of Dhaka, Bangladesh (the Project). Once operational, the Company will produce Atta, Maida, and Semolina flours primarily targeting the domestic market. The Company is a member of City Group, an established conglomerate consisting of leading food processing and packaged product companies in Bangladesh. City Group is promoted by Mr. Fazlur Rahman, with his wife Mrs. Hamida Rahman and his children Mr. Hasan Rahman, Ms. Shampa Rahman, Ms.Farzana Rahman, and Ms. Razia Sultana Deepa (together the Sponsors). IFC is proposing to provide a senior secured A Loan of up to EUR 14 million of up to 8 years tenor; and an additional BDT 500 million in local currency denominated loan for a tenor of up to 6 years to support the Project. The balance of the project cost will be funded by Export Credit Agency (ECA) backed financing, local currency financing, and the Sponsors equity contribution.
Food Security: The Project will contribute to improving Bangladesh's food security by supporting improved food safety standards and provide an alternative to the major staple, at competitive prices. The Project will support an increased production of flour that will meet growing domestic demand and partially replace informal mills with hygienic flour of superior quality.
Employment and broader value creation: Through this investment, the Group will be able to expand its flour milling operations, and will create an estimated 250 direct jobs at Rupshi's facilities, accompanied by further indirect and induced jobs throughout the value chain.
Market creation: The Project will aid the formalization of the milling sector by increasing the size of the formal market and the expected partial displacement of the informal mills will promote better quality standards in the industry.
RUPSHI FLOUR MILLS LIMITED
Rupshi Flour Mills Limited Tanvir Hydar Pavel Director (Finance & Commercial) +880 2985235660 pavel@citygroupbd.com City House, Plot # NW (J) 06, Road # 51, Gulshan - 2, Dhaka -1212, Bangladesh www.citygroup.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Rupshi Flour Mills Ltd City House Plot# NW (J) 06, Road #51 Gulshan 02, Dhaka 1212 Bangladesh
Bangladesh
The Project is located in in City Economic Zone in Rupshi, 30km south of Dhaka, Bangladesh. City Economic Zone is on 78 acres of land at the bank of river Shitalakshya.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
F-AA - Grain Processing (Milling, Starch, Flour, Malt)
Total: $27.74 million
27740000.00
27740000.00
RUPSHI FLOUR MILLS LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43149/city-rupshi
XM-DAC-903-SII-44302
International Finance Corporation
Robi Axiata IV
The proposed investment involves a corporate A-loan of up to $95 million in Robi Axiata Limited (Robi or the Company on IFCs own account. The proceeds of IFCs proposed debt investment will be used to partially finance the capex program of the company for 2020-2021, including its network upgrades and expansion and spectrum acquisition (the Project). This project is linked to Robi Axiata II https://disclosures.ifc.org/#/projectDetail/SII/36136
The substantial project-level outcome is increased access to quality mobile connectivity. This investment will support market resilience by maintaining access to and quality of mobile connectivity during and after COVID-19
ROBI AXIATA LIMITED
Robi Axiata Limited Mr. Abdul Mazed Treasury Management +88029887146-48 mazed@robi.com.bd Gulshan-1 | Dhaka-1212 www.robi.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Mr. Abdul Mazed Robi Axiata Limited Robi Corporate Office 53 Gulshan South Avenue Gulshan-1 | Dhaka-1212 [ +88029887146-48
Bangladesh
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
N-AC - Mobile Telephony
Total: $95.00 million
95000000.00
95000000.00
ROBI AXIATA LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44302/robi-axiata-iv
XM-DAC-903-SII-43985
International Finance Corporation
WCS Crisis Response BRAC Bank
The proposed Project is an up to US$30 million Working Capital Solutions (WCS) facility to be extended to BRAC Bank Limited (BRAC Bank or the Bank) in Bangladesh, under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. This proposed Project is a one-year facility, renewable for an additional one year, for a maximum aggregate tenor of two years. This Project will support working capital, trade finance and FX liquidity needs of the sub-borrowers (export/import-based SMEs and Corporates) through BRAC Banks Off-Shore Banking Unit.
This proposed Project is estimated to provide ~US$100 million of liquidity in aggregate over the maximum life of the Project (up to 2 years) to BRAC Bank, which will then on lend to up to 60 or more export-import based corporate and SME customers and support critical sectors like RMG/textile, Power, Pharma, Chemical, Edible Oil etc.
By sustaining the Banks' ability to provide these services, IFC's proposed facility is intended to promote the resilience of trade finance markets, as well as broader stability that comes about by providing for the going concern of market participants in Bangladesh. Turbulence in global funding markets, among other factors, has made it difficult for the extensive network of clients and partner banks to maintain their role as an enabling platform for liquidity to multiple emerging markets, many experiencing their own acute liquidity shocks while the need for liquidity increases. IFC expects the facility to attract additional private sector investors and partners to support emerging market liquidity, strengthening the market's ability to absorb shocks imposed by the current crisis.
BRAC BANK LIMITED
BRAC Bank Limited Noman Nasir Head of Financial Institutions Relationship 88 02 8801261 noman.nasir@bracbank.com Anik Tower, Level-11, 220/B, Tejgaon-Gulshan Link Road, Dhaka 1208, Bangladesh www.bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $30.00 million
30000000.00
30000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43985/wcs-crisis-response-brac-bank
XM-DAC-903-SII-44987
International Finance Corporation
Truck Lagbe
The proposed equity financing is for Truck Lagbe Inc. (TL or the Company), Bangladeshs leading digital trucking platform. TLs platform aggregates and matches demand for freight (from individuals, SMEs and large enterprises) with the supply of trucks (from truck owners/drivers called partners). By leveraging technology, TL offers price transparency, real-time tracking and optimum asset utilization and efficiency across the value chain
Expected development impact includes:
(i) Improved access to affordable quality logistics services for shippers
(ii) Increased competitiveness of the logistics services sector in Bangladesh
(iii) Increased formal business opportunities for truck drivers, potentially resulting in increased incomes
TRUCK LAGBE LIMITED
Truck Lagbe Inc. Mir Hossain Ekram Chief Operating Officer ekram@trucklagbe.com House 221, Road, 15 Lake Rd, Dhaka 1206 https://trucklagbe.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 House 221, Road, 15 Lake Rd, Dhaka 1206
Bangladesh
Truck Lagbe Inc. has its registered office in Dhaka, Bangladesh. It currently provides long-haul and short-haul trucking services all across Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
E-AE - Other (Including General Freight Trucking)
Total: $3.00 million
3000000.00
3000000.00
TRUCK LAGBE LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44987/truck-lagbe
XM-DAC-903-SII-43454
International Finance Corporation
Hamza Textiles
Hamza Textiles Limited (the Company or HTL) provides dyeing and finishing services for fabrics that are utilized in the manufacturing of Ready-Made Garments (RMG) by its sister concerns. Finishing facilities include activities such as stenting, compacting, continuous tumbler drying, continuous washing, brushing, continuous bleaching, shearing, all over fabrics coating etc.
Economy-wide effects: The Project will support the Group to increase process and product complexity, and strengthen its vertical integration, by modernizing the fabric production facilities which in turn will improve profitability and quality of products. In addition, the Project will enable the Company to reduce its lead time to end apparel retailers.
Employment Growth: The Project has a strong employment effects and will create 930 additional direct jobs and hundreds of jobs in the value chain. Beyond the large numbers of jobs created, there will also be significant upskilling and training of workers.
Competitiveness: This Project, and IFC's sectoral focus in the RMG sector in Bangladesh is expected to contribute to preserving Bangladesh's competitiveness as a global player in the textile and apparel market.
Resilience: IFC expects the Project will demonstrate to the other players the necessary investments required to be agile and resilient considering possible future shocks in the market. The Company plans to use the financing to implement agile manufacturing through process modernization and better technology
HAMZA TEXTILES LIMITED (INVESTMENTS)
Hamza Textiles Limited Mohammad Jakaria Chowdhury Head of Treasury +880-2-58817735 jakaria@ho.dbl-group.com Capita South Avenue Tower (6th Floor) House 50, Road 03, Gulshan Avenue, Dhaka 1212, Bangladesh https://www.dbl-group.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Contact Person: M ohammad Jakaria Chowdhury Company Name: Hamza Textiles Limited Address: Capita South Avenue Tower (6th Floor), House 50, Road 03, Gulshan Avenue, Dhaka 1212, Bangladesh Email: jakaria@ho.dbl-group.com Phone: +880-2-58817735
Bangladesh
The Project is in Nayapara, Kashimpur, Gazipur, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-AC - Finishing (Dyeing, Printing, Finishing, etc.)
Total: $11.35 million
11350000.00
11350000.00
HAMZA TEXTILES LIMITED (INVESTMENTS)
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43454/hamza-textiles
XM-DAC-903-SII-42462
International Finance Corporation
DCM-BRAC Bank Affordable Housing Bond
The proposed IFC investment comprises of a subscription of up to US$50 million equivalent in Bangladeshi Taka (BDT) in an up to 5-year, fixed rate, senior, non-convertible, unsecured, privately placed debt instruments to be issued by BRAC Bank Limited (BRAC Bank, the Bank), the longest-standing IFC Financial Institutions Group client in Bangladesh. The proceeds will be used to provide housing finance facility, including affordable housing finance facilities to low and middle-income households. This is expected to be the first housing bond issued in Bangladesh. The investment is expected to be supported by the International Development Associations Private Sector Window (IDA PSW) and Local Currency Facility (LCF). BRAC Bank was established in 2001 and has a total asset of US$5.5 billion as of June 30, 2021.
The Project is expected to contribute towards (i) increasing access to housing finance for urban households, with a focus on providing more access to housing finance to lower income households; and (ii) increasing the availability of longer-tenor housing finance in the market. At the market level, IFC will contribute via demonstration, replication and competition channels to: (i) integrating the housing finance sector with the local bond market and supporting the overall development of the corporate bond market; and (ii) fostering increased inclusiveness within the housing finance market by demonstrating the business case of moving down the market.
BRAC BANK LIMITED
BRAC Bank Limited Noman Nasir Head of Financial Institutions Relationship 88 02 8801261 noman.nasir@bracbank.com Anik Tower, Level-11, 220/B, Tejgaon-Gulshan Link Road, Dhaka 1208, Bangladesh www.bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
BRAC Bank is headquartered in Dhaka, Bangladesh with 187 branches spread across Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AB - Commercial Banking - Housing Finance
Total: $50.00 million
50000000.00
50000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42462/dcmbrac-bank-affordable-housing-bond
XM-DAC-903-SII-36050
International Finance Corporation
Siranjganj Power Company
International Finance Corporation (IFC) is considering up to US$ 110 million of debt financing for the construction of a greenfield 414 MW (net capacity) dual-fuel (gas and high speed diesel, HSD) combined cycle power plant to be located in Sirajganj, Bangladesh (the Project). The Project will be developed by a consortium of Sembcorp Utilities Pte. Ltd. (Sembcorp Utilities or Sponsor) and North West Power Generation Company Ltd. (NWPGCL) under a special purpose vehicle which will be established in Bangladesh for the sole purpose of developing and operating the Project (Project Company). The 414MW power plant will include one Gas Turbine (GT) unit; one set of heat recovery steam generator; one steam turbine generating unit with associated auxiliary equipment; fuel gas transportation, compression and conditioning system; HSD system; cooling water system; and water treatment facility. A 230 kV substation connects the complex to the national transmission system and the 30 East-West gas pipeline crossing the Jamuna Bridge is located 1.6 km away from the site. . Construction is targeted to start in the second quarter of 2016 and be completed in approximately 27 months, with combined cycle commercial operations targeted to commence by August 2018. A consortium of EPC contractors will be appointed to undertake the engineering, procurement and construction activities of the project. The Operation and Maintenance of the project will be undertaken by the Project Company with the support of a long term service agreement for the GT with the manufacturer. The Sirajganj site was developed as a major power generation complex in the north-west region of Bangladesh; NWPGCL is already operating a 225MW plant within the same complex and will shortly commence construction of another project there in early 2016. The Project will thus be the third power project to be located within the Sirajganj complex.
- Reducing Power Deficit: The project will help to address the chronic electricity shortages and to meet the growing demand for power in Bangladesh. - Low Tariff: The project is expected to contribute to reducing generation costs for the benefit of Bangladeshi consumers and users of power. - Private sector development: The project represents the first IPP project in Bangladesh by a foreign investors in several years, and is the first IPP in recent years to be financed on a limited recourse basis. The success of the project will demonstrate the sustainability of public and private sector partnerships in the power sector in Bangladesh to overseas power developers and operators, and help attract more capital flows into the country. - Employment generation: The Project is expected to generate employment opportunities (both direct and indirect) during construction and operational phases
SEMBCORP UTILITIES PTE LTD
Contact Person: Nazmul Ahsan Company Name: Sembcorp North-West Power Company Ltd Address: House No: 1, Road no: 9C, Nikunja-1, Airport Road, Dhaka-1229, Bangladesh Email: mailto:nazmul.ahsan@sembcorp.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
The full text of the ESIA report and the ESRS is available in hard copy at the company office located in Dhaka per the address mentioned below documents are also available locally at the following addresses: Address: Office of the Deputy Commissioner, Sirajganj, Bangladesh Contact Person: Protap Chandra Biswas, Additional Deputy Commissioner (Revenue)
Bangladesh
The Project is located in Soydabad, near the town of Sirajganj in the Rajshahi Division. The site is accessible by road and is located approximately 135 kilometres north-west of Dhaka on the banks of the Jamuna river.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
V-CA - Integrated Utilities
Total: $126.20 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36050/siranjganj-power-company
XM-DAC-903-SII-45961
International Finance Corporation
InfraV - PSA BAY TERMINAL
International Finance Corporation (IFC), a member of the World Bank Group (WBG), together with PSA International Pte Ltd (PSAI) are collaborating on the co-development of a new container terminal in Ananda Bazar, North Halishohor, Bangladesh (the Project). The Project is being developed under a Government-to- Government Public Private Partnership approach. PSAI is currently carrying out its feasibility studies for the Project. Subject to being awarded, PSAI is expected to be the lead developer of the Project and will work together with IFC as co-developers. PSA may invite other partners as co-developers of the Project. The Project footprint will be located in the larger area of the Bay Terminal port project, under development by the Chattogram Port Authority (CPA). CPAs broader Bay Terminal port development is not part of the Project proposed to be financed by IFC. IFC and PSAI are working together through an early stage, upstream Joint Development Agreement, under which IFC is expected to contribute up to $3.0 million to the development budget for project development expenses. This is a nationally critical project which is expected to be the first-ever private port concession in Bangladesh. It will contribute to more efficient trade flows for Bangladesh, improving Bangladesh's connectivity with the regional economy.
PSA BANGLADESH PTE. LTD.
PSA International Pte Ltd. Lee Peng Gee Vice President, Group Business Development +65 62747111 PGLEE@globalpsa.com 1 Harbour Drive, #03-00 PSA Horizons, Singapore 117352 www.globalpsa.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 N.A.
Bangladesh
The coastal area adjacent to Halishahar, Chattogram, Bangladesh has been identified for the establishment of the Project.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
E-BB - Port and Harbor Operations
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45961/infrav-psa-bay-terminal
XM-DAC-903-SII-45508
International Finance Corporation
ISC- Anchorless
IFC is considering an investment of US$1.5 million through IFC Startup Catalyst, as well as a US$1.5 million International Development Association Private Sector Window Blended Finance Facility (IDA PSW BFF) investment into Anchorless Fund, LP (the Fund), an early-stage VC fund focused on seed stage investments in technology companies in Bangladesh. The fund will be managed by Anchorless Management, LLC (the Manager). Rahat Ahmed and Daniel McMurtrie are the two key partners who will be managing the Fund.
The Project follows the AIMM (Development Impact) Rating for the Startup Catalyst Envelope. IFC anticipates that the Project would result in increased access to seed stage equity for digital startups in Bangladesh, an IDA country with a nascent digital entrepreneurship ecosystem. The Project is also expected to increase the ability for startups, of which at least 20 percent are targeted to have women founders, to succeed and scale digital businesses, through the Funds mentorship and window for follow-on funding.
Beyond the Project, this investment is expected to contribute to creating the start-up ecosystem and venture capital market in Bangladesh by demonstrating the commercial viability of the VC fund model in the country, and more broadly, investing in Bangladeshi startups. IFCs support also enables creation of a constant and quality pipeline of investment opportunities that investors at Series A stage and beyond depend upon.
ANCHORLESS PARTNERS LLC
Rahat Ahmed, Founding Partner and CEO rahat@anchorless.vc.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Anchorless is established as a limited partnership registered in the United States of America, however, investments by the Fund will be focused on Bangladesh based start-ups.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
P-GJ - Other Non-Private Equity Fund
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45508/isc-anchorless
XM-DAC-903-SII-45821
International Finance Corporation
M&J Garments
M&J Group is one of the top tier denim garment manufacturing and exporting groups comprising of three cut and stitching plants and two washing plants. The proposed Project involves capacity expansion of three entities of M&J Group through increasing denim manufacturing capacity at Columbia Garments Limited (CGL) and Columbia Apparels Limited (CAL) and washing capacity at Columbia Washing Plant Limited (CWPL) (collectively the Borrowers or the Companies). The Borrowers capacity will increase from 11.65 million pieces per year to 15.45 million pieces per year for both readymade garments (RMG) and washing, with this expansion. The proposed expansion will be carried out at the existing locations of the three Companies in Gazipur, Bangladesh.
Economy-wide impacts: The Project will enable the Companies to move up the manufacturing complexity curve to more value-added products and services. IFC anticipates that the Company's operations will contribute to Bangladesh's economy through increased exports and backward linkages to the local supply chain. The Project also has a strong employment effect and will create thousands of additional direct and indirect jobs and female employment in the value chain.
Competitiveness: This Project and IFC's sectoral programs in the RMG sector in Bangladesh are expected to contribute to preserving Bangladesh's competitiveness as a global player in the textile and apparel market, by helping Bangladesh move towards higher value-added production.
M&J Group (Garments)
M&J Group Columbia Garments Limited (CGL), Columbia Apparels Limited (CAL), and Colombia Washing Plant Limited (CWPL) Mr. Sheikh Mahfuzul Hoque Chief Financial Officer +880 2-58814048 mahfuz_hoque@mj-group.com 17 Mohakhali, Red Crescent Concord Tower 8th, 9th, 10th, 12th & 13th Floors Bir Uttam AK Khandakar Rd, 17 Mohakhali C/A, Dhaka 1212, Bangladesh www.mj-group.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Contact person: Mr. Sheikh Mahfuzul Hoque, CFO, M&J Group, 17 Mohakhali, Red Crescent Concord Tower 8th, 9th, 10th, 12th & 13th Floors Bir Uttam AK Khandakar Rd, 17 Mohakhali C/A, Dhaka 1212, Bangladesh
Bangladesh
The proposed expansion will be carried out at the existing premises of the respective three Companies in Gazipur, Bangladesh. CGL is located at Vogra whereas CAL and CWPL are located at Sreepur, and Bhabanipur, respectively within the Gazipur district.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CB - Garment and Apparel (With Primary Textile Operations, Excluding Footwear)
Total: $11.70 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45821/m-j-garments
XM-DAC-903-SII-46329
International Finance Corporation
Rupshi Foods
City Group (City or the Group) is a leading player in processing and marketing of food commodities in Bangladesh. City entities provide Guarantee to Rupshi Flour Mills (#43149) an existing client in good standing. The proposed project, Rupshi Foods Limited (RFL or the Company) will vertically integrate the Groups existing flour, sugar, and edible oil businesses with consumer products. The Company will produce candy and chocolate (6.4MT/day), cakes (181.6MT/day), biscuits and bakery items (100MT/day), condensed milk and powdered milk (70MT/day). The Company will be located in City Economic Zone, Rupshi, 30km from Dhaka (the Project) in the same economic zone as Rupshi Flour Mills.
Project level impact (Economy wide effects): The Project will expand RFLs processing capacities and allow the Group to source more inputs from local suppliers, which will support domestic value addition and associated job creation. Using IFCs economic impact assessment framework we estimate that the Project will lead to an annual increase in GDP of US$ 239 million from 2030. This comprises 15,400 new jobs, 14,900 indirect jobs. The GDP (value added) multiplier is US$ 1.04 million per million US$ invested while the employment multiplier is 67 jobs per million US$ invested. Based on the financial model, revenue is projected to increase by 296 million US$.
Market level impact (Competitiveness): Triggering new product offerings and supporting greater domestic value addition. IFC expects the project, through demonstration and replication channel, to contribute to increasing competitiveness of the consumer-packaged goods (CPG) sector and specifically in the production of dairy, bakery and confectionery products. The proposed investment will showcase the potential for domestic vertical integration downstream to take advantage of lower costs, security of supply and quality of inputs, and spearhead a replicable business model for other players with strong brand recognition, distribution strategy, lower cost of production per in-house production and scale of inputs, to increase their market shares through improvements in resource use efficiency, product diversity, quality and certification in a country where food quality and safety is a major concern. This will raise the bar in the CPG sector in Bangladesh and catalyze adoption of similar practices by other industry players.
RUPSHI FOODS LTD.
Rupshi Foods Limited Mr. Tanvir Hyder Pavel Director Finance and Commercial +8809611611777 pavel@citygroupbd.com Plot # NW (J) 06, Road # 51, Gulshan 02, Dhaka 1212 www.citygroup.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Bays Edgewater, 3rd Floor, NE (N) 12, North Avenue Gulshan 2, Dhaka 1212
Bangladesh
The proposed Project will be located at in City Economic Zone at Rupshi which is 30 km from Dhaka in the Narayanganj district of Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
F-AI - Other Food
Total: $20.00 million
20000000.00
20000000.00
RUPSHI FOODS LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46329/rupshi-foods
XM-DAC-903-SII-45872
International Finance Corporation
Agrocorp Corporate Loan
Agrocorp International (Agrocorp or the Company) is a mid-scale agricommodity trader headquartered in Singapore that is the largest supplier of wheat and pulses to Bangladesh. Agrocorp sources commodities from over 40 key origin countries and has customers in 30 countries, from Asia to Sub Saharan Africa. It trades over 12 million metric tons (MT) of commodities annually, dealing in staples such as pulses/legumes, wheat, rice, maize, soybeans, raw cashew, sugar, grains, oilseeds, and cotton.
The Project will support the Companys working capital facilities in Canada and Australia, ensure the smooth running of Agrocorps facilities, and increase flows of wheat and pulses towards Bangladesh. Access to working capital is essential for agri-processing. The most significant, expected Project-level outcome is the impact on consumers in Bangladesh through the provision of safe, nutritious, and calorie-rich staple food. Beyond the Project, IFC anticipates that its financing will promote greater market resilience via market enabling channels.
AGROCORP INTERNATIONAL PTE LTD
Agrocorp International Pte Ltd Vishal Vijay Director of New Business & Strategic Investments +65 6534 4878 vishal@agrocorp.com.sg - agrocorp.com.sg
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Mr. Vishal Vijay Director of New Business and Strategic Investments , Agrocorp International Pte Ltd 10 Anson Rd, #32-03 International Plaza, Singapore 079903 Tel: +65 6534 4878 ; Email: vishal@agrocorp.com.sg
Bangladesh
The project will support Agrocorps trading flows of wheat and pulses going into Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
A-AG - Diversified Edible Agricultural Crops Production
Total: $18.00 million
18000000.00
18000000.00
AGROCORP INTERNATIONAL PTE LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45872/agrocorp-corporate-loan
XM-DAC-903-SII-46227
International Finance Corporation
DBBL Investment Package
The proposed investment comprises of (i) a 3-year senior unsecured loan of up to US$20 million with an annual amortizing structure to support climate linked trade and (ii) an unfunded guarantee facility under the Global Trade Finance Guarantee Program of IFC (the Project) to support trade finance expansion in Bangladesh. The facilities will be extended to Dutch Bangla Bank PLC (DBBL or the Bank), a large private bank with an asset base of US$5.3 billion (4th largest amongst conventional private commercial banks) and ranking 2nd in terms of deposits. In addition, the project is supported by the IDA20 IFC-MIGA Private Sector Windows Blended Finance Facility (IDA PSW-BFF) to de-risk the investment.
IFC anticipates supporting DBBL through the proposed financing package to strengthen DBBLs existing portfolio of climate investments. This Project is expected to (i) enable DBBL to refocus its existing industrial exposures to adapting more sustainable operations as it has significant exposures in business segments that require adoption of climate friendly practices to be competitive and operational such as RMG and textiles , and (ii) demonstrating the potential of increasing green financing and supporting the adoption of green practices by working with industry partners in export-oriented industries, a key economic segment in Bangladesh. IFCs climate linked trade loan is expected to refocus existing and new trade portfolios of Banks in Bangladesh towards adopting climate related and environmentally sustainable practices amongst borrowers.
DUTCH-BANGLA BANK PLC
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Dutch Bangla Bank Limited is headquartered in Dhaka, Bangladesh with 226 branches spread across Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $20.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46227/dbbl-investment-package
XM-DAC-903-SII-46198
International Finance Corporation
Meghna Rice
The proposed investment is for up to US$35 million equivalent loans to Tanveer Foods Limited (TFL or the Company). The financing is proposed to include up to US$21 million senior-secured A loan from IFC (the A Loan) alongside up to US$14 million from a GAFSP-subordinated loan (in liquidation) (the GAFSP Loan and altogether, the IFC Loan). IFCs financing package will be used for setting up a greenfield automated rice mill with processing capacity of 1,000 Metric Tonnes Per Day (MTPD). The Project will also include the construction of an 80 MTPD rice bran oil plant and a husk-based co-generation plant, altogether the Project. The Project will improve food safety through the adoption of best technologies and practices in an otherwise largely unorganized rice sector in Bangladesh.
The Project is assessed under the Global Food Security Platform. Stakeholders Consumers: The Project will contribute to increasing food security for consumers through increased production, processing, and distribution of hygienically packaged quality rice (staple food) in underserved areas of Bangladesh. The Project is expected to produce over 170,000 tons by 2027. Stakeholder- farmers: IFC expects that the Project's establishment of a rice milling facility in Bogura region will offer offtake opportunities for smallholder rice farmers, shortening storage periods through immediate purchases and improving the quality of paddy. IFC expects the Project to reach over 123,000 smallholders from a base of 2,600. Market impact -Resilience: The Project is expected to reduce rice supply volatility by preserving and re-directing production and keeping trade flow. IFC anticipates the Project, along with several other projects in the pipeline targeting various links along the global food supply value chain as well as corresponding responses from the World Bank, will enable the global food supply market to better withstand the price and supply shocks.
MEGHNA GROUP (TFL AND GUARANTORS)
Tanveer Food Limited Mr. Yousuf Ali CFO +8801711613055 yousuf@mgi.org Tanveer Food Limited, Fresh Villa, House # 15, Road # 34, Gulshan-1, Dhaka-1212, Bangladesh www.mgi.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Contact person: Mr. Yousuf Ali, CFO, Tanveer Food Limited, Fresh Villa, House # 15, Road # 34, Gulshan-1, Dhaka-1212, Banglades h
Bangladesh
The Project is located in Manikchak, Bogura in the northern region, a less economically developed part of Bangladesh, an IDA country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
F-AA - Grain Processing (Milling, Starch, Flour, Malt)
Total: $21.00 million
21000000.00
21000000.00
MEGHNA GROUP (TFL AND GUARANTORS)
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46198/meghna-rice
XM-DAC-903-SII-47461
International Finance Corporation
WCS Crisis Response Prime Bank II
The proposed Project is an up to US$50 million Working Capital Solutions (WCS) facility to be extended to Prime Bank Limited (Prime Bank or the Bank) in Bangladesh, under the Fast Track COVID-19 Facility (FTCF) umbrella. This proposed Project is structured as a one-year facility, renewable for additional two years, for a maximum aggregate tenor of three years. This Project will support working capital, trade finance and foreign exchange liquidity needs of the sub-borrowers (export/import-based enterprises) through Prime Banks Off-Shore Banking Unit. A portion of the IFC loan proceeds is expected to be earmarked to support Prime Banks climate-eligible working capital and trade-related transactions as per IFCs eligibility criteria.
The Project will contribute to increasing US$ funding for export/import-based enterprises and will also extend climate-eligible trade finance support. At the market level, IFC will contribute market resilience through providing liquidity support to leading banks and strengthen their ability to absorb shocks imposed by current stress situation as well as sending a positive signal to the market attracting additional international investors to support market liquidity in Bangladesh.
PRIME BANK PLC.
PRIME BANK LIMITED Syed Faisal Omar Senior Executive Vice President & Head of Financial Institutions +88 02 55068680 faisal.omar@primebank.com.bd 'Simple Tree Anarkali', Level-3, 89, Gulshan Avenue, Dhaka - 1212 www.primebank.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AA - Commercial Banking - General
Total: $50.00 million
50000000.00
50000000.00
PRIME BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47461/wcs-crisis-response-prime-bank-ii
XM-DAC-903-SII-42687
International Finance Corporation
Labaid Cardiac and General Hospital Limited
The proposed investment is to contribute up to US$8.1 Million loan equivalent in Bangladesh Taka (BDT) to Labaid Cardiac and General Hospital (LCGH or the Company or the Borrower) as a senior-secured A loan from IFC (the A Loan). The project is expected to be supported by the IDA20 Private Sector Window Local Currency Facility (PSW LCF). IFC Loan will be used by the Company to set up a new 100 bed multi-specialty hospital in the emerging residential area of Uttara, a large suburb located 15 kilometers north of Dhaka city. The Project will improve access to affordable, high quality care for patients living in Uttara and neighboring areas by offering a variety of treatments that are currently not available or difficult to access in the vicinity. The Project will increase competitiveness in the sector as the new hospital will pursue accreditation from leading international bodies and enhance the standard of care through a strong demonstration effect. The Project is expected to contribute to employment creation by generating 500 direct jobs.
Stakeholders - patients: Given the extent of unmet demand in the country with an average of 8 beds per 10,000 people compared to WHO recommendation of 30 beds per 10,000 people greater private sector participation is needed in setting up new hospitals and IFC expects that the Project will be a step in this direction. At present there are no 100 bed multi-specialty hospitals operational in the area and to access such care patients travel for more than 2 hours to the center of Dhaka city making it highly inconvenient and expensive. IFC expects the Project to provide care to over 105,000 patients on an annual basis providing them a continuum of services across outpatient, inpatient, diagnostics and pharmacy.
Economy wide effects: The Project is expected to generate value added and direct jobs as well as indirect jobs through business opportunities for local Micro, Small and Medium Enterprises (MSME) as service providers.
Competitiveness: The Project is expected to result, through demonstration effects, in increased competitiveness of the hospital sector. The Company's plans to pursue accreditation for this hospital from leading international bodies will help raise the bar on quality of care across the industry, potentially forcing the inefficient market players to up their game and motivating larger competitors to improve their quality practices
Labaid Cardiac and General Hospital Limited
Labaid Group Mr. Ahmad Dawood CEO, Labaid Dhanmondi Hospitals +88 02 58610793-8 info@labaidgroup.com House # 01 , Road # 04 , Dhanmondi, Dhaka 1205, Bangladesh Websitehttps://labaidgroup.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Mr. Ahmad Dawood Labaid Group House # 01 , Road # 04 , Dhanmondi, Dhaka 1205, Bangladesh
Bangladesh
The Project is located in Uttara, 15 kilometers north of Dhaka City, in Bangladesh, an IDA country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
other
Total: $8.10 million
8100000.00
8100000.00
Labaid Cardiac and General Hospital Limited
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42687/labaid-cardiac-and-general-hospital-limited
XM-DAC-903-SII-47876
International Finance Corporation
WCS COVID RESPONSE BRAC 2023
The proposed investment comprises a US dollar-denominated working capital solutions (WCS) senior A loan of up to US$50 million under the COVID-19 Emergency Response WCS Envelope (WCS Envelope) to BRAC Bank Limited (BBL or the Bank), a FIG portfolio client in Bangladesh since 2004 (the Project). This is structured as a one-year facility with two annual rollover options at IFCs discretion, for a maximum aggregate tenor of three years. The Project will support working capital, trade finance, and foreign exchange liquidity needs of eligible sub-borrowers (export / import-based small and medium enterprises (SMEs), as per IFCs definition of targeted sectors), through BBLs offshore banking unit and enable the Bank to continue supporting key sectors of the Bangladeshi economy, where the impact of COVID-19 persists.
The Project will contribute towards increasing access to US dollar-denominated working capital and trade finance funding for SMEs in Bangladesh and will help SMEs to preserve and grow their trade business operations. At the market level, IFC anticipates that its financing will not only provide liquidity support to leading banks in the trade finance segment in Bangladesh but will also send a positive signal to the market and contribute towards attracting additional international investors to support local banks with much needed FX liquidity. This, in turn, will contribute to building resilience of the trade finance market via demonstration and replication channels.
BRAC BANK LIMITED
BRAC Bank Limited Noman Nasir Head of Financial Institutions Relationship 88 02 8801261 noman.nasir@bracbank.com Anik Tower, Level-11, 220/B, Tejgaon-Gulshan Link Road, Dhaka 1208, Bangladesh www.bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project is located in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-AH - Commercial Banking - SME Finance
Total: $50.00 million
50000000.00
50000000.00
BRAC BANK LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47876/wcs-covid-response-brac-2023
XM-DAC-903-SII-47631
International Finance Corporation
DCM DBH Housing
The proposed investment comprises up to US$30 million equivalent investment in DBH Finance PLC. (DBH or the Company) through subscription in of Bangladeshi Taka (BDT) denominated senior bond to be issued by DBH. DBH, established in 1996, is a housing finance institution in Bangladesh that primarily provides loans for the purchase and construction of homes. The proceeds of the bond will be primarily used to grow the Companys affordable housing portfolio. IFC may also explore supporting the Company to mobilize up to US$25 million from other investors for its bond issuance. The proposed project would contribute to affordable housing and long-term debt capital market development in Bangladesh. The Project is expected to be supported by the IDA20 Private Sector Window Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.
Increased access to affordable housing finance: The investment is expected to deliver increased access to housing finance for urban households by enabling DBHs focus on this segment.
Contribution to market creation: Inclusiveness - The investment is anticipated to increase market inclusiveness in the housing market by demonstrating a viable lending product that caters to the financing needs of middle-income households and will foster replication.
DBH FINANCE PLC
DBH Finance PLC Nahid Ahmed Head of Treasury +8809612334455, Ext 142 dbh@dbhfinance.com Landmark Building (14th Floor), 12-14 Gulshan North C/A, Gulshan 2, Dhaka-1212 www.dbhfinance.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
DBH Finance PLC has its headquarters in Dhaka, Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-CA - Finance Companies
Total: $30.00 million
30000000.00
30000000.00
DBH FINANCE PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47631/dcm-dbh-housing
XM-DAC-903-SII-47939
International Finance Corporation
Badsha Textiles Ltd.
The proposed investment is to contribute to a financing package of up to US$40 million (IFC Loans), including IFC A loan for up to US$10 million, Managed Co-Lending Portfolio Program (MCPP) of up to US$10 million and a loan from the IDA PSW Blended Finance Facility (IDA PSW BFF) which is subordinated in liquidation, of up to US$20 million to Badsha Textiles Limited (BTL) belonging to Badsha Group, the largest yarn manufacturer in Bangladesh and one of the top-tier, vertically integrated sweater and woven garment manufacturing and exporting groups in Bangladesh. The IFC Loans will support setting up of a greenfield spinning mill with a production capacity of 70,373 MT per year to manufacture premium cotton, viscose, blended cotton, cotton denim, poly cotton yarns (the Project).
Economy-Wide Impacts: The Project will enable Badsha Group to further expand the capacity of it spinning operations, strengthen its manufacturing supply chain, and ensure better quality control. IFC anticipates that the Project will contribute to Bangladeshs economy by helping the downstream entities of the Group as well as other RMG exporters of the country to produce higher value-added garments. The Project also has a strong employment effect and will create thousands of additional direct and indirect jobs and female employment in the value chain.
Competitiveness: By increasing the local availability of high-quality yarn, the Project would reduce the lead time in the knitting and RMG sector, which is a key requirement of international buyers, and thereby contribute to preserving Bangladeshs competitiveness as a global player in the textile and apparel market.
Badsha Textiles Ltd.
Badsha Textiles Limited Muhammad Habibur Rahman FCMA Executive Director (Finance and Operation) +8801714167534 ed@badshatex.com Holland Center 8th Floor Cha 72/1-B, Progati Sarani Dhaka, Dhaka, 1212 Bangladesh https://www.badshatex.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Muhammad Habibur Rahman FCMA , Badsha Group, Holland Center 8th Floor Cha 72/1-B, Progati Sarani Dhaka, Dhaka, 1212 Bangladesh
Bangladesh
The Project is located in Habiganj, approximately 150 kms northeast of Dhaka City, in Bangladesh, an IDA country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
K-CB - Garment and Apparel (With Primary Textile Operations, Excluding Footwear)
Total: $10.00 million
10000000.00
10000000.00
Badsha Textiles Ltd.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47939/badsha-textiles-ltd
XM-DAC-903-SII-49301
International Finance Corporation
SA MSME Facility
The proposed investment consists of senior unsecured loans of up to US$160 million in the aggregate for the Banks, with each of loan being for a tenor of two years and the option to rollover for an additional two years for a maximum tenor of four years. IFC proposes to make an A loan to each of (i) City Bank Plc, for an amount up to US$50 million; (ii) Prime Bank Plc, for an amount up to US$40 million; (iii) Eastern Bank Plc, for an amount up to US$20 million; and Bank Asia Plc, for an amount up to US$50 million. The aggregate amount of the A loans will not exceed US$160 million. The proposed IFC investment will support working capital and long-term financing needs of MSMEs, including women-owned SMEs. The projects will be supported by a pooled first loss guarantee of up to US$40 million provided by International Development Agency IDA Private Sector Window Blended Finance Facility (IDA-PSW BFF).
Expected Development Impact of the Project
Project level outcome: Increased access to finance for SMEs Access to finance remains a constraint for growth of SMEs in Bangladesh. According to the IFC MSME Finance Gap study The financing gap for Bangladesh MSMEs is estimated at approx. US $39 billion, equivalent to 20 percent of GDP . Through this project IFC will support the partner banks to provide much-needed liquidity for SMEs, enabling them to grow their SME portfolio and thus increase access to finance for the sector.
Market level outcome: Resilience: IFC anticipates that this project by providing access to medium-term funding in USD to financial institutions to support the growth of its SME portfolio, will facilitate these banks working capital, trade finance, and foreign currency liquidity needs and strengthen their ability to absorb shocks imposed by the current macroeconomic environment. The project is expected to demonstrate to other investors the viability of supporting financial institutions in Bangladesh by helping the market deal with the growing uncertainty and catalyzing investor response.
SME RESILIENCE RECOVERY FACILITY
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Proceeds of the IFCs investment will be on-lending to SMEs in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $160.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49301/sa-msme-facility
XM-DAC-903-SII-47376
International Finance Corporation
Habiganj Agro Limited
The group of companies known as PRAN Group (PRAN or the Group) was established in 1981. The Group is a leading branded food and beverage group and the largest agro-processer in Bangladesh. PRAN is a well-known household brand in Bangladesh and produces more than four hundred food products across multiple categories including juices and drinks, snacks, dairy, spices, grains, and frozen foods. PRAN exports to 145 countries around the world. IFC will provide long-term US Dollar working capital financing to be utilized across the two group companies, Pran Dairy Limited (PDL) and Habiganj Agro Limited (HAL).
1.Project Outcome- Economic-wide Impacts- The project will increase value addition and job creation from the HAL and PDL operations under the Pran Group, enable the companies to increase exports through the provision of long-term US Dollar working capital. The two Companies' direct employment is expected to grow from 15,501 in 2023 to 22,501 in 2027. 2.Market Creation- ?Resilience- The project investment will provide a working capital loan to sustain operations for a client that is the market leader in Bangladesh in several food categories that it operates in and in a tough economic environment where the country is facing a shortage of US dollars. IFC expects this project may serve to have a demonstration effect, leading to the provision of more USD working capital loans by other international lenders to support similar companies to sustain their operations in the current environment
PRAN GROUP- FOUR COMPANIES
Habiganj Agro Limited Md. Saiful Islam Sajib Assistant Manager, Corporate Finance +88 01769-696-168 Ext:427 bd40@prangroup.com PRAN RFL Center I 105 Middle Badda Dhaka-1212, Bangladesh. https://www.pranfoods.net/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Habiganj Agro Limited Md. Saiful Islam Sajib , Assistant Manager, Corporate Finance Pran RFL Center, I 105, Middle Badda , Dhaka 1212, Bangladesh
Bangladesh
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
F-AI - Other Food
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47376/habiganj-agro-limited
XM-DAC-903-SPI-7954
International Finance Corporation
Grameen Phone (Bangladesh) Ltd.
Summary Of Project Information (SPI) Project Name Bangladesh - GrameenPhone Region Asia Sector Project No007954 Projected Board DateJanuary 15, 1998 Company NameGrameenPhone Limited Technical Partner and/or Major Shareholders The principal shareholders are TelenorInvest A.S. (51%), a wholly owned subsidiary of Telenor A.S., the Norwegian national telecommunications operator, and Grameen Telecom (35%), a company controlled by Grameen Bank. Project Cost Including proposed IFC investment Estimated project cost is approximately US$165 million. IFC would provide a US$30 million senior loan for its own account and invest in 3% of the Companys equity. The Commonwealth Development Corporation (CDC) and the Asian Development Bank (ADB) will be co-investors on similar terms. Location of project and Description of site The project financed by IFC would provide cellular service to the major metropolitan areas of Bangladesh as well as to rural areas along the main railway arteries. The Company plans subsequently to provide coverage to 98% of the country. Description of Company and Purpose of Project GrameenPhone is a joint venture between Grameen Telecom and Telenor A.S. GrameenPhone holds one of the three non-exclusive nationwide GSM licenses. The Company launched operations in Dhaka in late March 1997. It is planning an aggressive roll-out plan to cover 300,000 subscribers over the next 5 years in 24 major cities and the rural population located in the vicinity of those cities. This project will improve telecommunications services throughout Bangladesh, a country with one of the lowest telephone penetration rates (0.4%) worldwide. It has an inefficient and financially strapped state operator, which is unable to meet the huge demand for telephones. A particular developmental focus of this Project is the creation of village payphones, which will provide connectivity to Bangladeshs villages and foster small businesses in these areas. The IFC/CDC/ADB syndicate, under IFCs coordination, will provide a long-term financing package to stimulate private sector investment in this sector on terms and maturities not otherwise available. Environmental Category and Issues This is an Environmental Review Category B project. Key environmental, health, and safety issues associated with this project include: selection and acquisition of new station and transmission sites and switching centers; liquid and solid waste management; use and storage of hazardous materials; ambient noise; fire protection and emergency response; and workplace health and safety (including air quality, noise, electrical hazards). Station sites will be in or on exisiting commercial buildings or on existing Bangladesh Railway-owned properties, and no persons are expected to be displaced in the process. There are no significant air emissions or liquid effluents. Solid wastes will be recycled or disposed in approved off-site facilities. Excessive ambient noise will be controlled through suitable attenuators. Adequate fire safety and fire-fighting allowances have been made in systems design, and procedures for fire prevention and workplace health and safety will be implemented. This project will meet all applicable World Bank social and environmental policies and guidelines. The is available from the Public Information Center. Date SPI sent to PIC November 12, 1997 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GRAMEENPHONE LTD.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AC - Mobile Telephony
Total: $22.50 million
20000000.00
2500000.00
20000000.00
GRAMEENPHONE LTD.
2500000.00
GRAMEENPHONE LTD.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7954/grameen-phone-bangladesh-ltd
XM-DAC-903-SPI-8035
International Finance Corporation
Lafarge Surma Cement
Summary Of Project Information (SPI) Project Name Bangladesh-Lafarge Surma Cement Limited Region Asia Sector Project No008035 Projected Board DateJune 11, 1998 Company NameLafarge Surma Cement Limited (Lafarge Surma) Technical Partner and/or Major Shareholders Lafarge of France will own at least 51% of Lafarge Surma. The remaining equity will be provided by the Islam group of Bangladesh, IFC, other multilateral and bilateral development institutions and, if possible, the public in Bangladesh. Lafarges technical centre in France, Centre Technique Inter-Unites (CTI), is responsible for the design and engineering of the project. Lafarge will be responsible for the management of the project. Project Cost Including Proposed IFC Investment $240 million project cost. IFC proposes an A Loan of $35 million, a B Loan of up to $10 million and equity of $10 million. Location of Project and Description of Site An integrated, dry process cement plant will be built on the north-west bank of the Surma River at Chhatak, Sylhet district, in the far north-east corner of Bangladesh very close to the border with the Indian state of Meghalaya. There are no cement grade deposits of limestone in Bangladesh but it is in plentiful supply in Meghalaya. Thus a limestone quarrying and crushing operation will be established in Meghalaya to serve the cement plant and the two centres of operations will be connected by an overhead belt conveyor. Description of Company and Purpose of Project Lafarge is the second largest cement producer in the world with over 75 operating plants in 45 countries. Lafarge will bring to bear state-of-the-art technology, operational know-how and superior management skills. Domestic competition in the cement industry in Bangladesh will be intensified. The project reflects a pioneering role for Lafarge and its backers in Bangladesh. It will demonstrate to other world-class foreign companies and local businessmen that large viable projects can be undertaken in Bangladesh and can be financed on acceptable terms. Permanent jobs will be created for some 282 local employees in Bangladesh and Meghalaya who will receive training from Lafarge. Initially, seven expatriates will be permanently based in the country. The planned investment of US$20 million in Meghalaya is significant for that small Indian state and will enable it to add value to a bountiful natural resource that otherwise has little economic value due to the states own tiny market and remoteness from the rest of India. IFCs presence will provide comfort to a major foreign direct investor and IFC will take a prominent role in the group of multilateral and bilateral development finance institutions which are willing to support the project. IFC will also be actively involved in helping to negotiate and structure the cross-border trade aspects of the project. Environmental Category and Issues Category A. Environmental, occupational health and safety issues which were reviewed for this project included: - air emissions; - wastewater handling and treatment; - solid waste and hazardous materials management; - site selection for all components of the project; - compensation, relocation and resettlement of residents, occupants and land users; - quarry operation and reclamation; - fire protection and emergency response; and - general worker occupational health and safety. The sponsor has prepared environmental assessments (EAs) for both the quarry site in India and the plant site in Bangladesh which address the relevant issues and describe the mitigative measures to be adopted to reduce or eliminate any negative impacts of this development. As part of the environmental and social review process, the sponsor has undertaken the necessary public consultation and public disclosure. The plant site in Bangladesh is currently farmed by approximately 75 persons, and there are an additional 110 persons living in 5 dwellings in the proposed jetty area. The sponsor has prepared a detailed Resettlement Action Plan (RAP) which fully addresses all of the resettlement issues and ensures that the relocation process is carried out in full compliance with the applicable World Bank Group policies and procedures. The are are are are are from the Public Information Center. Host country location of environmental documents Rais Boarding, West Bazar, Chhatak, Sunamgonj District, Bangladesh, and Office of Headman, Nongtrai and Wahadadar, Shella Bazar in Meghalaya, India Date SPI sent to InfoShop May 6, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-3800 Fax: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
LAFARGE SURMA CEMENT LIMITED
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AA - Cement
Total: $45.00 million
35000000.00
10000000.00
35000000.00
LAFARGE SURMA CEMENT LIMITED
10000000.00
LAFARGE SURMA CEMENT LIMITED
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8035/lafarge-surma-cement
XM-DAC-903-SPI-8058
International Finance Corporation
DeltaBRAC Housing Finance Corporation (DBH)
Summary Of Project Information (SPI) Project Name Bangladesh-DeltaBRAC Housing Finance Corporation (DBH) Region Asia Sector Project No008058 Projected Board DateJune 5, 1997 Company NameDeltaBRAC Housing Finance Corporation (DBH) Technical Partner and/or Major Shareholders The project is being sponsored by two prominant local institutions: Delta Insurance Group (45%), a local life and casualty company, and BRAC (25%), one of Bangladeshs largest Non-Governmental Organization (NGO). In addition, IFC and Housing Development Finance Corporations of India are also expected to participate each with 15% shareholding. HDFC is also the technical partner in the project. Project Cost Including proposed IFC investment Shareholders have requested IFC to provide an equity investment of US$0.75 million and a long term A loan of US$2.5 million. Location of project and Description of site Dhaka, Bangladesh Description of Company and Purpose of Project The project aims at creating the first private housing finance company in Bangladesh to provide mortgage finance to a target group (ranging from lower-middle to higher income households) who can afford monthly mortgage payments at various ranges. The project responds to the rapidly growing demand for urban housing in the local markets and the limited supply of mortgage finance. Environmental Category and Issues This is an environmental review category C project. No further review is necessary. Date SPI sent to PIC May 1, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
DBH FINANCE PLC
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
EA - Primary Mortgage Institutions
Total: $3.19 million
2500000.00
0.00
690000.00
2500000.00
DBH FINANCE PLC
0.00
DBH FINANCE PLC
690000.00
DBH FINANCE PLC
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8058/deltabrac-housing-finance-corporation-dbh
XM-DAC-903-SPI-8750
International Finance Corporation
Khulna Power Project
Summary Of Project Information (SPI) Project Name Bangladesh - Khulna Power Project Region Asia Sector Project No008750 Projected Board DateMay 28, 1998 Company NameKhulna Power Company, Ltd. Technical Partner and/or Major Shareholders Major Shareholder is Wartsila NSD Power Development Project Cost Including proposed IFC investment US$108 million, including an IFC A Loan of US$23.5 million, a B Loan of US$37 million and equity of US$3.3 million. Location of project and Description of site The project is located near the city of Khulna, the third largest city in Bangladesh. The project site is a vacant property situated on the bank of the Bhairab River, and is adjacent to an existing power station and an oil tank farm. Description of Company and Purpose of Project The project consists of a 110 MW power plant to be developed under a build, own, operate scheme. The project would initially run on residual fuel oil, to be converted to natural gas as soon as it is available. The electricity to be produced will be sold to the Bangladesh Power Development Board, the national utility, on the basis of a 15 year PPA. The project will be one of the first IPPs to be implemented under the new Government of Bangladesh guidelines for private power projects. At about 80 kWh, Bangladesh is among the lowest in developing countries in terms of electricity generated per capita, and its distribution network serves only about 15% of the population. As Bangladesh has enjoyed steady growth in recent years, the infrastructure to supply electricity to the economy has not kept pace with this growth. Reliability of electricity supply, which has been a growing problem over the years, has now reached crisis proportions. Peak demand is about 2700 MW, whereas available generation is about 2000 MW. The demand supply imbalance has now become a major bottleneck to economic growth. The Khulna power project, which is expected to be completed within 12 months, is a fast-track response to the power shortage situation. IFC''s participation in the project, including its proposed B Loan umbrella protection, is critical to mobilize adequate debt financing from the market. Environmental Category and Issues This is an environmental review category B project. Environmental and social issues associated with the project include: site selection and land use, site contamination from past activities, air emissions and noise from construction and plant operation, liquid effluents, liquid and solid waste disposal, oil transportation safety and spill potential, social impacts, fire prevention and emergency response, employee health and safety programs, and impact management and monitoring. KPC has prepared an environmental assessment for the project to address these issues and demonstrate that the proposed project will comply with applicable governmental and World Bank requirements. The proposed site for the project was identified by BPDB in their RFP for the project. The project is located on an uninhabited, vacant property owned by PADMA, the state oil company. No resettlement of residents or economic displacement was required. During operations the proposed power plant''s emissions will meet the World Bank emission guidelines. The predicted ambient pollutant levels contributed by the proposed power plant are within all Bangladesh standards and World Bank guidelines on a stand-alone basis. The site is adjacent to an existing power plant, and modeling of the emissions from the existing and proposed plants indicates that World Bank guidelines for ground level concentrations of SO2 (24 hour average) would be exceeded. Means to mitigate these relatively minor effects on ground level SO2 concentrations so that there will be no net decrease in ambient air quality are being further investigated by the sponsor. Noise monitoring will be carried out upon completion of the proposed plant to confirm compliance with recommended noise guidelines or recommend mitigation measures should they prove necessary. All effluents to water from the site are expected to comply with World Bank and Bangladesh guidelines. Socioeconomic impacts are largely beneficial ones, including the positive, short-term impact on employment and local businesses as a result of construction activities, the bringing of a reliable source of electricity to the area, and the establishing of a Social Goodwill Fund to be made available to the local community for its general benefit. The is from the Public Information Center. Date SPI sent to PIC April 28, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Khulna Power Company Limited
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AB - Gas - Thermal Power Generation
Total: $25.80 million
22500000.00
3300000.00
22500000.00
Khulna Power Company Limited
3300000.00
Khulna Power Company Limited
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8750/khulna-power-project
XM-DAC-903-SPI-9704
International Finance Corporation
Scancem Bangladesh Limited
Summary Of Project Information (SPI) Project Name Bangladesh - Scancem Bangladesh Limited RegionSouth an Southeast Asia Sector Project No009704 Projected Board DateSeptember 13, 1999 Company NameScancem Bangladesh Limited (SBL) Technical Partner and/or Major Shareholders Scancem International ANS (Scancem International) will own about 55% of Scancem Bangladesh Limited (SBL). Scancem International is a wholly-owned subsidiary of Scancem AB (Scancem) of Malmö, Sweden. Over 16% of the equity will be provided equally by two Bangladeshi partner companies and Union Cement Company, an integrated cement plant in the United Arab Emirates managed on a long-term basis by Scancem International. IFC will provide 8.2% of the equity and the remaining 20.5% of the equity will be provided by various Nordic development agencies. Project Cost Including proposed IFC investment US$49.5 million estimated project cost. IFC proposes an A-loan of US$10 million and equity of US$2.0 million. Location of Project and Description of site A clinker grinding plant will be constructed on 14 acres of riverside land in Kanchpur, an industrial area 15 km from the centre of Dhaka on the Shitalakkhya river. The sites riverfront is 120 metres long. A jetty will be constructed for the inward movement of all raw materials. Some 15-20% of output is also expected to be carried by river barge, the remainder being transported by truck. Clinker will be imported into Bangladesh in voyage-chartered ocean-going bulk carriers of around 30,000 DWT in size and will be transferred to fully enclosed river vessels at the outer anchorage of the port of Chittagong. The river vessels, which will be time-chartered, will transport the clinker to the plant near Dhaka where it will be converted into cement, bagged and distributed. Description of Company and Purpose of Project The project will enable SBL to supply high quality-cement to the country at competitive prices. SBL will bring to bear state-of-the-art technology; low cost, high quality raw materials; operational know-how; and superior management skills. At present, the Bangladeshi market is largely supplied by imports of bagged cement. There are no economically exploitable deposits of cement grade limestone in the country. The project will result in the regular supply of up to 680,000 tonnes of fresh cement of consistent quality to Bangladeshi consumers. Domestic competition in the cement industry will be intensified and the transportation and handling of a significant proportion of imported clinker will be made more efficient without burdening the countrys congested ports infrastructure. Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure. Environmental and social issues of concern in this project included emission controls and site aspects related to existing residents. Adequate measures have been taken in project design to minimize dust emissions during handling, grinding and bagging. There are no wastewater emissions. Resettlement of site residents has been carried out in full compliance with World Bank Group policies and requirements. The and the Resettlement Plan are available from the Infoshop. Host country location of To be provided environmental documents Date SPI sent to InfoShop August 13, 1999 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
HEIDELBERG CEMENT BANGLADESH LIMITED
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AA - Cement
Total: $10.00 million
10000000.00
10000000.00
HEIDELBERG CEMENT BANGLADESH LIMITED
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9704/scancem-bangladesh-limited
XM-DAC-903-SPI-9801
International Finance Corporation
BRAC Bank Project
Summary Of Project Information (SPI) Project Name Bangladesh - BRAC Bank RegionAsia and Pacific Sector Project No009801 Projected Board DateJanuary 27, 1999 Company NameBRAC Bank Technical Partner and/or Major Shareholders The project is sponsored by BRAC, a well-established and prominent NGO (non governmental organization) with a large presence in the rural and urban areas of Bangladesh. The current activities of BRAC are particularly focused in three areas: education (1.2 million students), health care (14 million patients), and micro-finance. BRAC already has extensive experience in the micro-credit market with 2.4 million customers, and a substantial portfolio of approximately US$270 million of performing loan assets. BRAC''s experience dates back over 25 years during which it has achieved excellence in most of its targeted activities. Project Cost Including proposed IFC investment BRAC Bank will be capitalized at around US$10 million, and BRAC is expecting to hold a 60% stake in the new bank, with a 20% stake held by IFC, leaving the remaining 20% for one or more potential Technical Partners, which are being sought with IFC''s assistance. Location of project and Description of site Bangladesh. Description of Company and Purpose of Project The project involves the establishment of a commercial bank, BRAC Bank, in Bangladesh. The new bank will focus on niche credit markets: (i) small enterprises defined as those enterprises between the microentrepreneurs and more formal medium-sized businesses; (ii) NGOs and other companies, operating in the rural settings, whose financial needs are not met by the formal financial sector; and (iii) a large untapped domestic and international remittance market, which can be serviced efficiently and effectively by leveraging BRAC''s established network of over 800 offices across Bangladesh. BRAC Bank is expected to be a professionally managed bank with adequate capitalization, diverse shareholding, and best practice corporate governance. Environmental Category and Issues This is an FI Type 1 project. The bank will be required to undertake an environmental review of each subproject. IFC will assess the bank''s capability to carry out environmental reviews. Date SPI sent to InfoShop December 10, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
BRAC BANK LIMITED
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $3.00 million
3000000.00
3000000.00
BRAC BANK LIMITED
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9801/brac-bank-project
XM-DAC-903-SPI-10872
International Finance Corporation
Grameen Phone II
GrameenPhone Limited (GrameenPhone or the company) is an existing company, and is the leading cellular service provider in Bangladesh operating a nationwide, GSM, digital network with over one million subscribers, equivalent to a 70% market share. In addition to providing prepaid and postpaid cellular phone services, the company also assists in a -Village Phone- service by being the sole provider of telecommunications services to the Village Phone operators. The Village Phone service provides rural connectivity to approximately 30 million people. IFC previously funded the companys initial network roll-out in 1999 by extending a financing package consisting of a senior loan of $16.7 million and a preferred share investment of $1.57 million for 3% of the company on a fully diluted basis. The purpose of the project is to fund the expansion plans of the company. Bangladesh continues to have one of the lowest telephone density rates in the world: the estimated telephone penetration rate (fixed line and cellular) is currently 1.5%. This project will help increase access to modern and reliable telecommunications services by funding the companys expansion plans through to the end of 2004.
GRAMEENPHONE LTD
Mr. N.K.A. Mobin, Finance Director GrameenPhone Limited Celebration Point Road #113/A Plot# 3 & 5, Gulshan, Dhaka Bangladesh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The project will result in GrameenPhone extending its network coverage to all 64 districts of Bangladesh; it currently has coverage for 50 of those districts. The project therefore covers several sites, both urban and rural in nature.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AD - Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)
Total: $30.00 million
30000000.00
30000000.00
GRAMEENPHONE LTD
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10872/grameen-phone-ii
XM-DAC-903-SPI-11766
International Finance Corporation
R.A.K. Ceramics (Bangladesh) Pvt. Ltd.
RAK-Bangladesh is the largest ceramic tiles manufacturer in Bangladesh. It started its operations in November of 2000 with a manufacturing capacity of 2.0 million square meters per annum (sqm p.a.) of tiles. The proposed project involves expansion of the existing ceramic tiles manufacturing capacity to 4.0 million sqm p.a. and setting up a 250,000 pieces p.a. sanitaryware plant. The proposed project will enable an internationally competitive local enterprise in the sanitaryware and ceramic tiles sector to expand. It will stimulate usage of the abundantly available, domestic raw materials such as clay and silica sand, as well as natural gas. The venture will create up to 300 direct jobs. Initially, RAK-Bangladeshs production will be mostly for the local market: the project will contribute to import substitution and consumers will gain substantially thanks to lower prices resulting from the investment. The company plans to export to neighboring countries at a later stage. The project will also stimulate transfer of most advanced production technology, know-how and local staff training by a leading European equipment manufacturer and experienced sponsor. IFCs role in the proposed project involves: providing long-term financing that would otherwise be difficult to mobilize from the local banks only; providing comfort to local banks and/or other financial institutions to lend to the company; supporting a healthy, local, internationally competitive producer; and ensuring that RAK-Bangladesh conforms to high standards of environmental, safety and social consciousness, as well as to improved corporate governance.
RAK CERAMICS (BANGLADESH) LTD
Dr. Khater Massaad, General Manager RAK Ceramics UAE, PO Box 4714, Ras Al Khaimah, UAE. Phone: 971-7-244-5046 Fax: 971-7-244-5270
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The existing plant and the new project is located at the rapidly growing industrial area of Gazipur, 60 kms away from Dhaka city. The project site has easy access to major roads to Dhaka and all other infrastructure.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
BB - Glazed Ceramic Tiles
Total: $12.00 million
12000000.00
12000000.00
RAK CERAMICS (BANGLADESH) LTD
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11766/r-a-k-ceramics-bangladesh-pvt-ltd
XM-DAC-903-SPI-25935
International Finance Corporation
BRAC PCG Project
Bangladesh is considered the pioneer of microfinance and has the worlds largest microfinance sector. However, despite the prevalence of close to 1,200 NGOs with microcredit services operating in more than 40,000 villages in Bangladesh, Bangladesh continues to remain one of the worlds poorest nations. Poverty is pervasive in the country with almost half the population living below the poverty line on less than $1 per day. BRAC is one of the largest microfinance institutions in Bangladesh, covering all 64 districts and a population of a 100 million (of the total population of 140 million) through its microfinance and development programs. It was started in 1972 by Mr. Abed to rehabilitate returning refugees after the liberation War in a remote area in a northeastern district of Bangladesh. As of December 31, 2006, BRAC had cumulative microfinance loan disbursements of $3.72 billion, with outstanding loans of $349.72 million to 4.55 million borrowers. To finance the growth of its microfinance operations, BRAC needs local currency financing from domestic banks. Due to single client exposure limits and small size of such local banks, relative to the financing required, the local banks are not able to satisfy the funding needs of large institutions like BRAC. To address such constraint, IFC is proposing an $18 million partial credit guarantee issued on a $22 million local currency loan extended by Citibank, Dhaka to BRAC (BRAC or the company). IFCs partial credit guarantee would provide 81.82% coverage to Citibanks local currency loan of US$22 million loan. The project would support BRACs expansion of its microfinance lending to reach out to the poor, which continues to be underserved by the financial sector in the country.
The project is expected to have a significant development impact: - Expanding Sources of Local Currency Funds: The project will be an example of a viable way for an MFI to access local currency funding on commercial basis and reduce reliance on aid and donor funding. - Expand Access to Finance: The additional loan amount enabled by the IFC PCG of about US$18 million would enable BRAC to finance nearly 103,000 new loans on annual basis. Assuming such loans have an average maturity of one year, then IFCs PCG would finance nearly 515,000 loans over the life of the PCG (5 years). - Demonstration Effect: At the more strategic level, this project can have a strong demonstration effect by effectively showing that microfinance institutions, if well managed, can constitute very attractive investment propositions for commercially oriented investors. This, in turn, will support the emerging trend of private capital flows to microfinance institutions, an important source of capital for the long-term viability of this industry. The current guarantee structure would allow Citibank to extend local currency funds without breaching its single exposure limits. - Significant direct contribution to poverty reduction: Over the past two decades, leading microfinance operators have convincingly demonstrated that well-managed MFIs can make major contributions to poverty reduction and employment creation in developing countries. In recognition of this strong developmental impact, almost all multilateral and bilateral institutions and donor agencies are actively promoting microfinance, and increasingly focusing on supporting MFIs. Supporting productive small businesses will in turn stimulate growth, employment generation and poverty reduction. The proposed investment is expected to contribute to employment creation and poverty reduction in the target regions.
BANGLADESH RURAL ADVANCEMENT COMMITTEE
Mr. S.N.Kairy, Director Finance BRAC Centre, 75 Mohakhali, Dhaka 1212 Bangladesh Telephone: 8802 8823542 Fax: 8802 9881265
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The project site is located in Dhaka, Bangladesh: BRAC has a country wide reach with over 3000 microfinance branches in all 64 districts of Bangladesh .
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $18.00 million
18000000.00
18000000.00
BANGLADESH RURAL ADVANCEMENT COMMITTEE
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25935/brac-pcg-project
XM-DAC-903-SPI-27005
International Finance Corporation
PRAN Project
The project is defined as the corporate-wide expansion to increase production capacity across business lines to be undertaken by the PRAN during FY2009 2011. PRAN is one of the leading branded food and beverage producers in Bangladesh. The company produces a wide range of products, which can be categorized into six broad categories: - beverages; - culinary products; - confectionery; - dairy; - snacks; and - premium rice. Created in 1993, the company enjoys a very strong brand reputation in the country and it also exports to more than 70 countries. For the financial year ending 30 June, 2007, the company reported combined sales of $66.8 million and a net profit before minority interest of $4.2 million. At present Pran borrows in the local market from both local and multinational banks. IFCs funding will support the long term tenor requirement and funding diversification effort of the company.
The proposed corporate investment program will support the continued growth of a leading food company in Bangladesh to expand capacity, improve operating efficiencies and exploit domestic and export market opportunities. The companys growth has an extended reach on the local economy around production sites, with significant benefits for employment, farming, local SMEs as well as taxpayers.
PRAN DAIRY LIMITED
Mr. Eleash Mridha Executive Director-PRAN Property Heights 12, R.K. Mission Rd., G.P.O.Box: 83 Dhaka 1203 Bangladesh Phone: 880-2-9563126, 7167412, 7167416 Fax:880-2-9556415
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
PRAN headquarters are in Dhaka and its production main facilities are located in three sites: Ghorashal and Palash, north of Dhaka and Natore northwest Bangladesh. In addition the company also has smaller facilities each for premium rice and tea processing in Rangpur, northwest Bangladesh and in Chittagong, southeast Bangladesh, respectively. The project would be a corporate-wide expansion.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AE - Fruit and Vegetable Preservation or Processing (Canning, Freezing, Drying, Jams, etc.)
Total: $15.00 million
15000000.00
15000000.00
PRAN DAIRY LIMITED
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27005/pran-project
XM-DAC-903-SPI-27881
International Finance Corporation
Frontier Fund (Bermuda) Ltd.
The Frontier Fund (Bermuda) Ltd (Frontier or the Fund) is a Bermuda-registered investment fund that will focus on investing in listed securities as well as the securities of privately-held companies in Bangladesh. The Fund is currently structured as an open-ended fund and had a first closing in June 2008 but accepts new investments and redemptions semi-annually after an initial 3 year lock-up period. The Funds target sectors include pharmaceuticals, auto and ancillaries, healthcare, education, financial services, retail and distribution, telecommunications and consumer goods.
This project is in line with IFCs overall strategy in Bangladesh, a frontier IDA country, which prioritizes an investment program for the development of capital markets and institution building, infrastructure, general manufacturing and services and innovative projects in health and education. In addition, the project is expected to have the following development impact: Employment growth: The Fund is expected to invest in growth companies that will generate new jobs. Support for SMEs: This Fund will support equity investment in small and mid-sized companies, most of which are expected to qualify at the time of investment as SMEs under the World Bank Groups definition. Strengthen Corporate Governance: With the help of IFC, the Fund manager will draw on a list of corporate governance initiatives and screens to pursue with investees. The Fund will help implement practicable steps in improving the corporate governance of investees through activist investing and monitoring.
FRONTIER PE BERMUDA LP
Mr. Khalid Quadir Chief Executive Officer 50 Mohakali 12th Floor, Dhaka 1212, Bangladesh Tel: +880 1711 526936
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Frontier Fund is structured as a Bermuda-registered exempted mutual fund company. The Managers investment team are based in Dhaka, Bangladesh and are a combination of local and international investment professionals.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $10.00 million
10000000.00
10000000.00
FRONTIER PE BERMUDA LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27881/frontier-fund-bermuda-ltd
XM-DAC-903-SPI-28780
International Finance Corporation
SEAF Bangladesh Ventures, LLC
SEAF Bangladesh Ventures (the Fund) is one of the first of IFCs SME Ventures funds, a programmatic approach to create a new asset class by providing risk capital financing and complementary advisory services to small businesses in IDA countries. The target size of the Fund is $20 million, including IFCs commitment of $12 million. In addition, IFC acting as Implementing Entity of the Pilot Program for Climate Resilience (PPCR) will invest up to US$10 million to support climate resilient investments. The fund manager is a subsidiary of the Small Enterprise Assistance Fund (SEAF), a global investment management firm based in Washington that provides risk capital to SMEs in emerging markets. Experience has shown that it is critical to the success of small business funds to provide business support services targeted at the funds SME investees. In this project, IFC and other donors will set up separate facilities to provide the necessary support on a partially reimbursable basis.
IFCs SME Ventures program focuses on high risk IDA countries where few other sources of financing for small business operate. The program will directly build the local capacity of financial intermediaries to manage sustainable investment funds for small businesses, providing both risk capital and critical advisory assistance.
SEAF BANGLADESH VENTURES LLC
Mr. Bert van der Vaart, President SEAF 1500 K St. NW Suite 375 Washington, D.C. 20005 USA Email: mailto:bert@seaf.com Office: +1-202-737-8463 Fax: +1-202-737-5536
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Fund will be domiciled in Delaware and the investments will be made in businesses in Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
P-GD - Small Business Fund
Total: $12.00 million
12000000.00
12000000.00
SEAF BANGLADESH VENTURES LLC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28780/seaf-bangladesh-ventures-llc
XM-DAC-903-SPI-30225
International Finance Corporation
InfraV-AK KhanWH
The Project involves testing the viability of the Bangladesh market for community water systems (CWS) based on Ultra Violet (UV) and Reverse Osmosis (RO) water purification technologies. Initially up to 50 units will be set up and operated as a pilot (the Pilot or the Project). Successful functioning of the Pilot will lead to scaling up of the business model to several hundred units over the next 4-5 years. The business concept involves setting up modular CWS across different clusters of villages in Bangladesh. The modular CWSs will tap raw water from nearby river, ponds or underground resources. Purified water will be sold at the CWS directly to rural consumers. The water purification equipment for the Pilot phase will be procured from WaterHealth International India.
There will be direct beneficial impact on quality of life and health. Employment generation by engaging people from villages for operating community water systems and revenue collections Environmental benefits - the adoption of WHI''s systems will help minimize the use of chemicals with toxic by-products used in alternative water purification methods like chlorination. The distributed water model also assists in minimizing water losses by supplying water at the retail level thereby avoiding supply leakage losses.
AK KHAN WATERHEALTH BANGLADESH LIMITED
Name: Mr. Murteza Rafi Khan Designation: Project Manager Address: Bays Galleria, 2nd Floor, Gulshan 1, Dhaka 1212, Bangladesh Phone: +880-2-9892169 Fax: +880-2-833873 e-mail: murteza.khan@akkhan.com website: www.akkhan.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Project will be spread across rural areas in Bangladesh, including initial sites in the districts of Comilla, Dhaka, Chittagong, Gopalganj etc. These will be greenfield sites set up in rural areas with good access to transport infrastructure.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
BA - Water and Wastewater Utilities
Total: $100.00 million
100000000.00
0.00
100000000.00
AK KHAN WATERHEALTH BANGLADESH LIMITED
0.00
AK KHAN WATERHEALTH BANGLADESH LIMITED
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30225/infravak-khanwh
XM-DAC-903-SPI-30254
International Finance Corporation
Bangladesh SME Liquidity Facility (BSLF) I BRAC Bank
This Project will provide a systemic solution to address the shortage of US dollar liquidity faced by BRAC Bank, a leading private sector SME bank in Bangladesh. Through IFCs support in this Project, BRAC Bank will provide short-term trade and working capital solutions to SMEs and export-oriented enterprises in Bangladesh.
The key indicators for this Project will be the increase in number and value of short term transactions to finance SME working capital needs and number of SMEs financed.
The demonstration effect of the IFC funding will encourage international banks to finance the local banking sector and increase their range of funding options.
The Project will help accelerate economic growth in Bangladesh by providing SMEs and exporters with the necessary liquidity to finance their trade and working capital needs.
IFCs loan will support job preservation in the small business sector that may otherwise have been forced to reduce staff in the face of financing constraints.
BRAC BANK LIMITED
Mr. Mahmoodun Nabi Chowdhury
Head of Corporate Banking Division
1, Gulshan Avenue
Gulshan -1, Dhaka, Bangladesh
Telephone: 880-2-881 3938
Fax: 880-2-8861687
Website: www.bracbank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
Brac Bank is headquartered in Dhaka, Bangladesh. The Bank has 79 branches (including 46 SME/Agri branches and one offshore branch in the Dhaka Export Processing Zone) across the country and 230 ATMs. Transactions can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
BRAC BANK LIMITED
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30254/bangladesh-sme-liquidity-facility-bslf-i-brac-bank
XM-DAC-903-SPI-30568
International Finance Corporation
PRAN Dairy Project
Pran Group (Pran or the Group) has requested IFCs assistance to finance the expansion of its dairy operations, which are run under Pran Dairy Ltd (PDL), one of the Group companies. Pran is a diversified group involved in the production and sale of a wide product range covering beverages, snacks, culinary products, confectionery, dairy products, rice and tea. The proposed project consists of an investment of approximately $15 million for an expansion in PDLs processing and procurement capacity and related working capital needs (the Project).
The agriculture sector in Bangladesh accounts for 21% of its GDP, and 55% of its population is dependent on agriculture, including 20% in dairy activities. The local dairy sector is undergoing a slow transformation from unorganized to organized channels. Within the organized sector, there are a very limited number of private sector players. The Project will support the continued expansion into the dairy sector by one of the largest agribusiness companies in Bangladesh. Pran's extensive distribution reach in Bangladesh will enable it to reach to under-served populations while bringing in improved efficiencies in the sector.
The proposed Project will also have a transformative impact on the supply chain for dairy products. Pran currently works with 17,000 farmers on the dairy business. As part of this Project, PRAN will set up 60 new dairy hubs over a course of ten years, which will enable it to increase its reach to 90,000 additional farmers. The hubs will support smallholder dairies by providing entire package of logistic support including, veterinary care, animal husbandry, dairy housing, feed, breed improvement and training.
PRAN DAIRY LIMITED
Uzma Chowdhury
Finance Director
105/1-GA, Middle Badda
Dhaka 1212
Bangladesh
Office Phone: 8802 988 1792, ext. 126
Office Fax: 8802 883 7464
Email: uzma@prangroup.com
Website: www.pranfoods.net
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The project will support the expansion of PDLs existing milk and juice processing facilities in Ghorashal, Bangladesh, and its milk procurement activities in Natore in northern Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AF - Dairy Products
Total: $7.00 million
7000000.00
7000000.00
PRAN DAIRY LIMITED
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30568/pran-dairy-project
XM-DAC-903-SPI-30603
International Finance Corporation
Grameen Phone V
The proposed IFC support (Grameen Phone V or the Project) is a financial package of up to $300 million, comprising an A Loan and Parallel Loans to finance the medium term capital expenditures program of GrameenPhone Limited (GP or the Company) for the 2012-2014 period. The capital expenditure program includes network and capacity expansion, technological advancement, energy efficiency initiatives and improvement of services.
Bangladesh is an IDA country with nominal GDP per capita of around $550 for 2009. The country has one of the lowest teledensities (only 42%) and highest subscriber growth in the world. Since 2006, total number of subscribers has increased from 20 million to more than 65 million, with a significant impact on the economy in terms of aggregate investment, employment and productivity levels, particularly in rural areas. By further investing in network development, offering improved connectivity and additional services, GP will continue to assist Bangladesh to build its competitive strength. The Project will also enhance competition in the sector, leading other mobile operators to invest further in their networks, thereby increasing availability and improving the quality of cellular services and lower tariffs.
GRAMEENPHONE LTD
Nawed Wahed Asif
General Manager
Corporate Finance and Treasury
Finance Division
Tel: +880-2-9882990
Fax: +880-2-9882970
Email: nawed@grameenphone.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The medium term capital expenditure program, which consists of network and capacity expansion, technological advancement, energy efficiency initiatives and improvement of services, is expected to be implemented across Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AC - Mobile Telephony
Total: $150.00 million
150000000.00
150000000.00
GRAMEENPHONE LTD
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30603/grameen-phone-v
XM-DAC-903-SPI-30714
International Finance Corporation
Shombhabona
This proposed project involves an equity investment in a medium sized financial sector company in Bangladesh. The Companys primary business is general insurance providing insurance services to both corporate and retail clients in most large districts of Bangladesh.
IFC''s support to the Company will enable it to provide increased access to finance for the micro, small and medium entrepreneurs, who are mainly in the unorganized sector and do not have good access to insurance products. The Company is also expected to diversify its product base to have a healthy mix of corporate and retail business. Focus semi-urban areas and targeted products for retail clients: The Company''s growth strategy is focused on the retail sector and semi-urban areas. The Company is expected to increase its semi-urban presence by deepening its existing operations and having a wider network. It intends to reach a larger retail client base through products specifically designed to cater to their needs.
Company Name Pending
Alexander Wellsteed Senior Investment Officer, IFC AWellsteed@ifc.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Company has pan Bangladesh operations with a large branch network spread across the country. The Company plans to increase its branch network to have a deeper penetration in the semi-urban areas of the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
Financial Institutions
Total: $9.99 million
9990000.00
9990000.00
Company Name Pending
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30714/shombhabona
XM-DAC-903-SPI-30876
International Finance Corporation
Bangladesh SME Liquidity Facility (BSLF) I Southeast Bank
This Project will provide a systemic solution to address the US dollar liquidity requirement of the recently established offshore banking units (OBUs) of Southeast Bank (SEBL). Through IFCs support of this Project, OBUs of SEBL will provide short-term trade and working capital financing solutions for SMEs and export-oriented enterprises located in Export Processing Zones in Bangladesh.
The key indicators for this Project will be the increase in number and value of short term transactions to finance SME working capital needs, number of SMEs financed, female employment, number of jobs created and supported.
The Project will help accelerate economic growth in Bangladesh by providing SMEs and exporters with the necessary liquidity to finance their trade and working capital needs.
The demonstration effect of the IFC funding will encourage the entry of international banks to finance the local banking sector and increase their range of funding options.
IFCs loan will support job preservation in the small business sector that may otherwise have been forced to reduce staff in the face of financing constraints.
SOUTHEAST BANK LIMITED
Intekhab Alam Zilani
Senior Principal Officer, International Division
Eunoos Trade Centre, 52-53 Dilkusha C/A, Level #3
Dhaka, Bangladesh
zilani@southeastbank.com.bd
www.southeastbank.com.bd
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
As of December 31, 2010, the Bank had 76 branches and 2 Off-Shore Banking Units on Chittagong & Dhaka.
During 2010, the Bank increased financing to the SME sector by opening another 10 (Ten) SME / Agriculture Branches throughout the country resulting in 15 (Fifteen) SME / Agriculture Branches by the end of December, 2010. Outstanding loans to SMEs stood at US$186 Million as on December 31, 2010, compared to US$128 Million as on December 31, 2009, a 45% year-on-year growth. In order to further finance the SME sector, the Bank is actively considering additional resource mobilization, redesign of its products and re-structuring its business process.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AK - Commercial Banking - Short Term Finance
Total: $10.00 million
10000000.00
10000000.00
SOUTHEAST BANK LIMITED
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30876/bangladesh-sme-liquidity-facility-bslf-i-southeast-bank
XM-DAC-903-SPI-30971
International Finance Corporation
Bangladesh SME Liquidity Facility (BSLF) I Eastern Bank
This Project will provide a systemic solution to address the US dollar liquidity requirement of the offshore banking unit (OBU) of Eastern Bank Ltd (EBL). Through IFCs support of this Project, the OBU of EBL will provide short-term trade financing and working capital financing solutions for trade clients, including SMEs and export-oriented enterprises, in Bangladesh.
The key indicators for this Project will be the increase in number and value of short term transactions to finance trade customers, including SME working capital needs and number of SMEs financed.
By providing local banks with much-needed FX liquidity and facilitating their access to the commercial loan market, the Facility will increase the range of funding options available to them.
The Facility will help accelerate economic growth in Bangladesh by providing trade customers, including SMEs & exporters, with the necessary FX liquidity to finance their working capital needs.
IFCs loan will support job preservation in the small business sector that may otherwise have been forced to reduce staff in the face of financing constraints
EASTERN BANK PLC
Mr. M. Fakhrul Alam, Deputy Managing Director
Eastern Bank Limited
Jiban Bima Bhaban, 10 Dilkusha C/A,
Dhaka 1000, BANGLADESH
Mr. Md. Obaidul Islam, Head of International Division
Eastern Bank Limited
Jiban Bima Bhaban, 10 Dilkusha C/A,
Dhaka 1000, BANGLADESH
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The Bank is headquartered in Dhaka, Bangladesh. The Bank has 49 branches, including 39 SME centers, one offshore banking unit (OBU), 6 Priority Centers, 6 Kiosks and 74 of its own ATMs. Transactions can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AK - Commercial Banking - Short Term Finance
Total: $30.00 million
30000000.00
30000000.00
EASTERN BANK PLC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30971/bangladesh-sme-liquidity-facility-bslf-i-eastern-bank
XM-DAC-903-SPI-31706
International Finance Corporation
CITY BSLF II
Until recently, foreign exchange (FX) liquidity funding for banks in Bangladesh was provided only by Bangladeshs Central Bank Bangladesh Bank (BB) - through the countrys robust reserves. However, since the beginning of 2011, as part of the pre-conditionality for a US$1 billion program from the International Monetary Fund (IMF), BB has ceased to provide direct FX liquidity support to banks. This development has resulted in an acute systemic FX, mainly US Dollar (US$), liquidity squeeze in the banking system. The lack of FX liquidity has negatively impacted the timely issuance of L/Cs by banks, particularly for small and medium enterprise (SME) clients. Since the bulk of the Bangladesh economy is value-added (imports, processed then re-exported), the ability to issue L/Cs on a timely basis is critical to the well-functioning of the economy. Hence, to mitigate the adverse impact of the US$ shortage on the countrys trade flows and the SME sector, BB is now permitting select local banks with licensed offshore branches, to meet their short-term FX requirements from the international market. The proposed project is a direct response to the prevailing FX liquidity crisis and is in line with the World Banks and IFCs strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade. The Project consists of a short-term loan and a participation in IFCs Global Trade Finance Program (GTFP) to The City Bank Ltd.s (City Bank or the Bank) offshore unit to support foreign currency trade and working capital financing for the Banks SME clients.
The Project is expected to have the following specific development impacts: - Financial Market Deepening: By providing local banks with much-needed FX liquidity and facilitating their access to the commercial loan market, the Facility will help deepen the financial sector by establishing a level playing field between local banks and foreign banks operating in the local market that have an advantage due to support of parent funding. - Demonstration Effect: The demonstration effect of the IFC funding will encourage international banks to finance the local banking sector and increase the range and availability of funding options in the market. - Economic Growth Acceleration: The Facility will help accelerate economic growth in Bangladesh by providing SMEs and exporters with trade finance solutions to finance their working capital needs and pay for critical value chain imports. - Job Creation and Job Loss Prevention: By providing much needed working capital support to SMEs, the Facility will help create new jobs and also prevent job losses resulting from business interruption, particularly in an economy where the poor are mainly employed as daily wage workers.
THE CITY BANK LIMITED
K Mahmood Sattar City Bank Center136, Gulshan Avenue, Gulshan-2Dhaka-1212, Bangladesh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The bank is headquartered in Dhaka and has branches across Bangladesh with Chittagong being the Banks second most important location.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AA - Commercial Banking - General
Total: $25.00 million
25000000.00
25000000.00
THE CITY BANK LIMITED
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31706/city-bslf-ii
XM-DAC-903-SPI-31829
International Finance Corporation
Pran Natore Agro
Pran Group (Pran or the Company) is seeking IFCs assistance to finance the expansion of its food processing operations. The proposed expansion project has been incorporated as a new private limited company, Natore Agro Limited. Pran is a diversified group involved in the production and sale of a wide product range covering beverages, snacks, culinary products, confectionery, dairy products, rice and tea. The Project (Pran Natore Agro) consists of an investment of approximately $25 million for the expansion of Prans food processing and manufacturing capacity with the goal of introducing new packaged food and spice/condiment products to the Companys product line for both local and export markets.
Agriculture accounts for 21% of Bangladesh's GDP, whereby 55% of the country's population derives its income from the sector. Private sector involvement will ensure continued growth in income-generating agriculture activities, particularly by integrating small farmers into formal supply chain linkages such as those that Pran's operations have established.
In addition to creating over 1,200 new jobs, the proposed Project will positively impact the livelihood of several thousand farmers and their communities by ensuring consistent demand and fair pricing for their produce. Further, Pran's unparalleled distribution network will enable the Company to reach under-served, impoverished communities and provide them with affordable, essential food products of high quality.
PRAN DAIRY LIMITED
Pran-RFL Group
Pran-RFL Center, 105 Middle Badda
GPO Box 83, Dhaka 1212
Bangladesh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bangladesh
The project will support the expansion of Prans existing food and confectionary lines in Natore in northern Bangladesh.
Location description
A description that qualifies the activity taking place at the location.
24.0000000000 90.0000000000
AI - Other Food
Total: $10.00 million
10000000.00
10000000.00
PRAN DAIRY LIMITED
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31829/pran-natore-agro