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$500,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Nov 6, 2024
Project Estimated Start Date
Oct 1, 2024
Project Estimated End Date
Oct 31, 2025
Project Description
The Project will reach its objectives through implementation of activities under two components:
i) support the Client in developing a strategy for the corporate and MSME segments, including women owned, and
ii) help the Client to develop and launch two new products for the MSME segments, including women-owned.
Development Results
The main objective of the project is to boost the Client’s corporate and MSME business by developing and implementing a strategy that will increase access to financial services for MSME clients, including women owned.
Indicator
Cumulative
Value of financing facilitated (US$)
0
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
null
Number of micro loans outstanding
null
Number of participants in workshops, training events, seminars, conferences, etc.
null
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
The proposed advisory services engagement is a client preparation project with Ipak Yuli Bank mainly for corporate and MSME business by developing and implementing a strategy that will increase access to financial services for MSME clients, including WMSMEs in Uzbekistan. Given the proposed activities, this advisory project has limited, minimal or no potential adverse environmental & social risks or impacts. Ipak Yuli is an existing client with an ESRR 2 (Satisfactory) rating. The client has an ESMS in place which they are implementing as per IFC requirement. An ESMS officer has also been hired and adequately trained.
If the proposed advisory leads to new investment where the use of proceeds might include corporates, Ipak Yuli will need to update their existing ESMS to manage E&S risks of corporate segment.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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