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The project consists of an investment by IFC of up to US$20 million in a revolving uncommitted trade finance facility of US$80 million (the “Facility”), arranged by BNP Paribas (Suisse) S.A. for Phoenix Global DMCC (“Phoenix DMCC”), a subsidiary of Phoenix Commodities Pvt. Ltd (“Phoenix”). The Facility will support Phoenix’s fast-growing agri commodity business in sourcing, trading and distributing Rice, Sugar, Pulses, Grains, Oilseeds and Meals in Sub-Saharan Africa and other regions. In parallel, IFC is also considering a US$10 million A loan to support Phoenix’s establishment of a greenfield fruit orchard in Kazakhstan (Project # 40670). The relevant disclosures are available on https://disclosures.ifc.org/#/projectDetail/ESRS/40670 and https://disclosures.ifc.org/#/projectDetail/SII/40670
PHOENIX COMMODITIES DMCC
Mr. Nitin Navandher
44th Floor, Buliding - AA1
Mazaya Business Avenue, Jumeirah Lakes Towers (JLT), P.O. Box 49451
Dubai, United Arab Emirates
Phone: +971-4-4501200, Fax: +971-4-4501210
Email: nitin@pclworld.net
ACCOUNTABILITY MECHANISM OF IFC
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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/