Project description
and objectives:
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The proposed project will increase both the amount and variety of medium-term funding available to a range of financial intermediaries. The product range will include senior debt facilities for MSE and SME, subordinated debt and equity. Loans to partner banks will be syndicated where possible as a means to attracting additional finance to the sector. Transactions will be supported by Technical Cooperation Funds where needed.
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Sub-projects:
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- Tajik Financial Sector F/W - Eskhata Bank (A/B Loan)
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Transition impact:
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By providing a flexible approach with a wide product range, the Bank will support the overall development of the Tajik financial sector. It is expected to have two main sources of transition impact (i) the increased amount of finance available will contribute to market expansion as well as competition and (ii) a demonstration effect will result from EBRD’s investment in local banks through improved corporate governance and overall enhanced performance. A further demonstration effect will result from the bank’s ability to attract B lenders to the Tajik market.
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The client:
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Existing partner banks: Agroinvestbank, Eskhata Bank, First Microfinance Bank, Tajprom Bank,and Tojsodirotbank as well as new partner financial institutions.
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EBRD finance:
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The product range under TFSF will include senior and subordinated debt facilities for MSE and SME on-lending, mortgage lines, syndicated loans, quasi-equity and equity investments. At least USD 10 million is expected to be provided as B loans.
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Total project cost:
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USD 50 million.
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Environmental impact:
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Screened FI. All transactions under this framework will comply with EBRD’s Environmental Procedures for Local Banks. These include compliance with applicable national environmental, health, safety and labour legislation, adherence to the Environmental Exclusion List, submission of Annual Environmental Report to the Bank and nomination of a senior staff member in charge of the environmental issues.
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Technical
cooperation:
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Previous TC has been provided to existing financial intermediaries including support for MSE and agricultural lending. Funds were provided by the UK, US and the ETC Multi-Donor Fund.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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N/A
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EBRD contact:
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Bakhtiyor Mansurov, Operation Leader: mansurob@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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