Cultural Heritage Framework (EBRD-49640)

Countries
  • Albania
  • Jordan
  • Palestine, West Bank, Gaza
  • Romania
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Construction
  • Education and Health
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 186.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 150
Converted using 2018-01-26 exchange rate.
Project Cost (USD)
$ 186.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 150
Converted using 2018-01-26 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 5, 2018

Disclosed by Bank Jan 26, 2018


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Project Description

This project provides funding for multiple sub-projects in the tourism sector, aiming to support cultural heritage resources in Uzbekistan, Romania, Albania, Jordan, and the West Bank. Projects would be financed through both debt and equity investments in private sector entities, and through loans to governments, municipalities, and state or municipal-owned companies. 

Sub-projects could include the regeneration and refurbishment of historic buildings and infrastructure improvements.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

*No contact information available at time of writing*

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.