According to the bank's website this project provides financing to Akabe LLC for the construction of a warehouse and supplementary facilities for ceramic tiles, bathroom furniture and accessories.
According to the bank's website the company's own assessment (Environmental and Social Due Diligence) indicates potential ecnvironmental and social risks and impact related to the construction of the warehouse.
Senior secured loan of up to USD 10.6 million (EUR 9.8 million) to Akabe LLC.
Akabe LLC is a retailer of ceramic tiles and home improvement products in Azerbaijan.
Company Contact Information
Binagadi highway 12, Rasulzade settlement, Baku, Azerbaijan
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 firstname.lastname@example.org 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.