Uzbekistan: National Bank for Foreign Economic Activity of the Republic of Uzbekistan COVID-19 Credit Line Project (AIIB-000420)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Uzbekistan
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jul 27, 2020

Disclosed by Bank Jul 24, 2020


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Project Description

According to AIIB website, the project aims to alleviate working capital shortages and liquidity constraints brought on by the pandemic to mid-caps and SMEs operating in the infrastructure and OPS. The proposed sovereign-backed project is a medium term sovereign-backed credit line to the National Bank of Uzbekistan (NBU) to support economic resilience and relieve immediate working capital and liquidity shortages of private sector mid-caps, and small and medium enterprises (SMEs) operating in the infrastructure and eligible other productive sectors (OPS).

 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Project Team Leader: Benny Zachariah

Investment Officer, AIIB

benny.zachariah@aiib.org

National Bank for Foreign Economic Activity of the Republic of Uzbekistan JSC

Dilfuza Avezova, Head of Division for working with IFIs and Raising Foreign Credit Lines

DAvezova@nbu.uz

 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html