According to the Bank's website, this project finances leases to local private micro, small and medium enterprises via the borrower.
Raiffeisen Leasing Belarus is the largest privately-owned leasing company (and the third largest in the market) in Belarus by leasing portfolio with 11 per cent market share. It is majority-owned by Priorbank, part of Raiffeisen Group and the largest private bank in the country. This is the third EBRD project with Raiffeisen Leasing Belarus since 2017, while Priorbank has been a client of EBRD since 1996.
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 email@example.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.