Original disclosure @ DFC website
Updated in EWS Jan 19, 2023
Disclosed by Bank Nov 16, 2022
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According to bank document, the investment is a loan portfolio guaranty to increase lending to SMEs in Zambia’s agriculture, manufacturing, tourism, and clean energy (for cooking)
This project is expected to have highly developmental impact by providing a guaranty on loans to SMEs in Zambia. The loan guaranty will enable Absa Bank Zambia to provide loans to SMEs in the agriculture, manufacturing, tourism, and clean energy (for cooking) sectors in Zambia. SMEs which receive loans will also receive sector-tailored technical assistance from Absa Bank Zambia, and from one of USAID’s technical assistance projects in Zambia.
*Contact information not provided at the time of disclosure*
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability