Original disclosure @ IFC website
Updated in EWS Mar 8, 2020
Disclosed by Bank Feb 18, 2020
Can you contribute information about this project?
Contact the EWS Team
The proposed project is an unsecured senior loan of US$150 million for IFC’s own account and an up to US$50 million syndicated loan from other financial institutions to Zenith Bank Plc (‘Zenith Bank’ or “the Bank”), a leading financial institution in Nigeria (‘the Country”). The loan will support the Bank in increasing its lending to SMEs, including Women-Owned SMEs (“WSMEs”), and climate smart projects.
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/