Metro Myanmar (IFC-40001)

  • Myanmar
Geographic location where the impacts of the investment may be experienced.
Specific Location
Thilawa Special Economic Zone and nearby areas
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 3, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank Aug 30, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, IFC is considering an A loan to Metro Myanmar to partly finance its 3-year capex plan comprising of a central warehouse in Yangon and a delivery infrastructure, which would include future satellite warehouses and cross-docking platforms across Myanmar (the “project”). 

Metro Myanmar’s central warehouse is currently under construction at Thilawa Special Economic Zone (“Thilawa SEZ”), and the satellite warehouses and docking platforms will be developed in the future. These will be industrial warehouse facilities and not the traditional retail stores. The central warehouse in Yangon will also have a small processing section for ultra-fresh items. The warehouse management and delivery services will be outsourced to a third-party logistics service provider company (“LSPC”).

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.



Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project, which is estimated to cost US$40 million, consists mainly of a central warehouse in Yangon and future satellite warehouses and cross-docking platforms across Myanmar. 

It is proposed an IFC loan of approximately US$ 25 million to fund the Project.   

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Metro AG (“Metro” or the “sponsor” - is a global diversified retail and wholesale/cash and carry group. Headquartered in Düsseldorf, it operates about 760 wholesale stores in 25 countries and more than 280 hypermarkets throughout Germany. Metro had more than 137,000 employees in 2016-17.

Yoma Strategic Holdings Ltd., (‘Yoma’) a Myanmar based conglomerate listed in Singapore and also an existing IFC client is a minority shareholder in the Company holding 15% stake.    

METRO Wholesale Myanmar Ltd (MWML), which was incorporated in 2017, is headquartered in Yangon with its central warehouse currently under construction at the Thilawa Special Economic Zone near Yangon. It plans to also have satellite warehouses and cross-docking platforms in other cities. MWML is the local subsidiary of Metro AG, Germany (‘Metro’ or the ‘Sponsor’), a leading global retailer specializing in cash & carry food retail and holding 85% stake in the Company. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Metro Group Parent Company -
- - - - Yoma Strategic Holdings Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ The Project Contact

METRO Wholesale Myanmar Ltd 
Name: Ms. Tipayarat Kaewsingarm 
Title: Director 

Address: Thanlyin 11291, Yangon, Myanmar 

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Project Documentation

Contact Person:  Ms. Tipayarat Kaewsingarm, Director

Company Name:  METRO Wholesale Myanmar Ltd

Address:   Wing-B, Ground Floor, Building-A3

Star City, Kyaik Khauk Pagoda Road 

Thanlyin 11291, Yangon, Myanmar



The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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