ESIF/EBRD Water Sector FW-Guarantee-Raiffeisenbank (EBRD-51201)

Countries
  • Bulgaria
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
Approved
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
Jun 9, 2020
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.
Borrower
RAIFFEISENBANK BULGARIA EAD
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 45.33 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 40
Converted using 2020-06-09 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 2, 2021

Disclosed by Bank Jul 17, 2020


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Project Description

According to the bank website, "The main objective of the project is to facilitate the structuring of long-term bank loans to fund the investment programmes of regional water operators and ultimately to address the existing funding gap in the water and wastewater sector in Bulgaria, thus supporting the country in achieving compliance with the EU's urban wastewater and drinking water directives."

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

Ivelina Veleva, Product Manager, Project Finance
Ivelina.VELEVA@raiffeisen.bg
+359 2 91985881

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.