20953 - CA Leasing Facility

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Proposed Investment

Project Number

20953

Company Name

Central Asia Leasing Facility

Date SPI Disclosed

Jun 4, 2003

Country

Central Asia and Turkiye Region

Industry

Financial Markets

Projected Board Date

Jul 15, 2003

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Mar 8, 2005
Invested : Jul 11, 2005

Project Description

IFC plans to create a Central Asia Leasing Facility (the facility or the company) to expand financing options for small- and medium-sized enterprises (SMEs) and help them expand their operations, as well as to introduce competition in the financial sector. The facility will on-lend to selected local financial institutions – banks, leasing companies and NGOs – to write leases in Kazakhstan, Kyrgyz Republic, Uzbekistan and later, Tajikistan. Selection of participating financial institutions will be based on criteria such as: track record of financial soundness, clear corporate governance and transparency standards, and demonstrated commitment to leasing and to the SME sector. The facility will be supported by a donor-funded technical assistance program to address capacity and operational needs of local financial institutions.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity

Development Impact

This is a Financial Intermediary (FI) type project according to IFC’s environmental and social review procedure. Each participating financial institution will be required to:
- establish an environmental and social management system (policy, procedure, resources) for relevant operations and require that activities conducted under those operations comply with host country environmental, health and safety requirements;
- appoint a senior officer with overall responsibility for environmental and social issues and identify an individual who will manage and/or conduct reviews. Both must attend IFC sponsored or approved training in environmental and social management for financial institutions; and
- submit an annual environmental performance report, which focuses on its environmental and social management system.
Location of environmental documents In locally affected community

The facility would have a significant development impact for the Central Asia region, i.e. it would:
- address the critical shortage of term funding for SMEs;
- help develop a robust leasing sector in the regions through the technical assistance component’s capacity building program;
- help deepen the financial markets and stimulate competition in the financial sector;
- assist SMEs in acquiring assets to expand existing operations, and eventually in accessing credit through banks; and
- generate employment (estimated ~7,000 jobs) through resultant growth of SMEs.

By making available the facility and the technical assistance program, IFC will play a catalytic role in furthering the development of a robust leasing sector in the region, thus in helping deepen and diversify financial markets in these countries.

Contacts

For Inquiries About the Project, Contact

Atsuko Horiguchi at ahoriguchi@ifc.org

This Summary of Project Information (SPI) is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC's activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC's Disclosure of Information Policy that went into effect September 1998.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Development Impact

Similar Projects

Contacts

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

Board Approved IFC Investment

Location of Project and Description of Site

Development Impact

Environmental and Social Issues - Category

IFC's Role and Additionality

Press-Release

Related ESRS/ERS

Similar Projects

Contacts

Disclaimer