Dali (IFC-51839)

Countries
  • Philippines
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Dali Discount AG
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.07 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 25, 2025

Disclosed by Bank Sep 22, 2025

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Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, IFC is proposing to provide Dali Discount AG with an up to US$10.07 million quasi-equity financing.

IFC anticipates that the Project will improve consumer access to affordable, quality household products. It is also expected to support local suppliers through the development of stronger supply chains, while generating positive impacts across the wider economy. More broadly, the proposed investment aims to enhance market competitiveness by scaling up the hard-discount retail model, raising quality standards, and reinforcing supply chains.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability (2012). Key E&S issues assessed include: Capacity and management system to undertake operations in accordance with PSs including procedures to screen manufacturers of private label products, locations for future retail stores and distribution centers; assurance of fair, safe, and healthy working conditions in compliance with local labor laws and IFC’s PS2 including risks such as supply chain, third party workers, freedom to associate, gender-based violence and harassment and grievance mechanism for all category of workers; resource efficiency, green-house gases emissions and waste management; life and fire safety systems at all operational buildings including warehouses/distribution centers and retail stores; and security management, stakeholder engagement and grievance mechanism.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

 IFC is considering a quasi-equity investment of up to US$10.07 million to enable the Company to scale its business.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Dali is a hard discount retailer in the Philippines, dedicated to making everyday essentials affordable for all. Established in 2020, Dali follows a no-frills, small-format, limited-assortment model with a strong focus on private-label products. Today, Dali operates more than 1,000 stores across Luzon island.

Dali’s shareholders include its management team alongside financial investors such as the Asian Development Bank, Creador, DEG, Navegar, Pavilion Capital, and Venturi Partners, among others.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Dali Discount AG Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Dali Discount AG
Alexander Pestalozzi
Head of Corporate Finance
board.office@dali-discount.com
Dali Discount AG, Poststrasse 9, 6300 Zug, Switzerland.
https://dali-discount.com/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

How it works

How it works