According to the bank's website, "The proposed investment is a 7-year subordinated loan (sub-debt) of up to US$40 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of IFC’s own account investment of up to US$10 million and mobilization of up to US$30 million. The sub-debt will be qualified as a Tier 2 capital under the local regulations to strengthen the Bank’s resilience amid the ongoing COVID-19 pandemic and support the Bank’s long-term strategy to primarily grow financing to micro, small and medium enterprises (MSMEs) including women-owned MSMEs (WMSMEs)."
Contact information not provided at the time of disclosure.
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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