Original disclosure @ IFC website
Updated in EWS Apr 25, 2021
Disclosed by Bank Jan 28, 2021
Can you contribute information about this project?
Contact the EWS Team
According to the bank document, "the proposed investment is an A loan to Moon Princess Company Limited, (the Company). The Project comprises financing the working capital needs of the Company’s existing two-wheeler distribution business and the purchase of three-wheelers for distribution to Oway Group (Oway), a travel services start-up and an IFC’s existing client (the Project)".
The Project’s cost is estimated to US$7.0 million, and IFC is considering the provision of an A loan of up to US$5 million to support the Project.
The Company is a wholly-owned subsidiary of Agrocorp International Pte Ltd (Agrocorp) which controls and operates Moon Princess.
Agrocorp is a Singapore-based agri-commodity trader. Agrocorp is owned and managed by Vijay Iyengar, Akila Iyengar and Ravi Raghavan, with the second-generation family members taking active roles in management.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Agrocorp International Pte Ltd||Parent Company||-|
|-||-||-||-||MOON PRINCESS COMPANY LIMITED||Client||-|
1/ The Project Contact
Moon Princess Company Limited
+951 911 0426
#04-503 Nawarat Centre, No. 186, 52 Street, Pazundaung Township (11171), Yangon, Myanmar
2/ The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/Local Access for Project Documentation
#04-503 Nawarat Centre, No. 186, 52 Street
Pazundaung Township (11171), Yangon, Myanmar
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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