PROJECT

Projects

Summary of Investment Information

Project Number

39320

Company Name

IPAK YULI BANK JSIB

Date SPI Disclosed

Aug 13, 2018

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Sep 17, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 11, 2022

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Oct 23, 2018
Signed : Nov 6, 2018
Invested : Dec 11, 2018

Sector

Commercial Banking - General

Project Description

 The proposed project consists of a UZS-linked Working Capital Solution (“WCS”) facility for up to US$15 million and a GTFP line with up to US$2 million limit to Ipak Yuli Bank JSICB (“IYB” or the “Bank”) (the “Project”). The Project will support the Bank’s MSME lending program providing the clients with access to working capital.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation