PROJECT

Projects

Summary of Investment Information

Project Number

46282

Company Name

JOINT-STOCK COMPANY UZBEK LEASING INTERNATIONAL AO

Date SPI Disclosed

Mar 6, 2023

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Apr 5, 2023

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

Aug 15, 2024

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Jul 5, 2023

Sector

Leasing Services

Additional Project Attributes

Blended Finance

Project Description

 The proposed project consists of (i) an up to US$5 million IFC A loan; and (ii) up to US$10 million equivalent B loans to a longstanding IFC’s client in Uzbekistan – Uzbek Leasing International A.O. (“ULI” or “the Company”). The proposed Loan maturity is 4 years with a 1-year grace period (the “Loan”) and will be denominated in USD. The proposed financing will enable ULI to support its leasing operations with a focus on small and medium enterprises (“SMEs”) and will have a 35% allocation towards climate finance leasing (the “Project”).                                                  

Associated Advisory Engagement

           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation