CCM (IFC-42410)

Countries
  • Mali
Geographic location where the impacts of the investment may be experienced.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
CARRIERE ET CHAUX DU MALI SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 9.64 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.
Currency conversion note:
Bank reported 8.9
Converted using 2020-04-16 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 16, 2020

Disclosed by Bank Apr 15, 2020

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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.

The proposed investment consists of an IFC secured A-loan of Euro 8.9 million equivalent in local currency XOF to Carrières et Chaux du Mali (“CCM,” or the “company,”), with First Loss Guarantee (FLG) and Local Currency Facility (LCF) from IDA PSW’s Blended Finance Facility (BFF). IFC’s investment will provide CCM with permanent working capital and the necessary financing to achieve Project Physical Completion and rated factory capacity (the “Project”). CCM is the first modern and large-scale lime and limestone producer in Mali, serving the sub-region (Burkina Faso, Guinea, Cote d’Ivoire, and Ghana) and providing an alternative to lime and limestone products, currently imported primarily from Europe. 

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

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.

Contact Person: Aminata Coumba Diallo

Company Name: CCM

Address: Faladiè Sema, Rue 841 porte 202, Bamako – BP 366

Email: diallomimi@chauxdumali.net

Phone: +22391889833

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/

How it works

How it works