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The proposed project consists of an unfunded Risk Sharing Facility (RSF) for JSCB TBC Bank (TBC UZ, the Bank). The facility will have a tenor of up to eight years, under which IFC will guarantee up to $25 million equivalent in local currency, covering 50% of the Bank’s credit risk on a target micro, small, and medium enterprises (MSME) loan portfolio of up to $50 million equivalent in local currency. Subject to eligibility confirmation, the Project would be processed under IFC’s Small Loan Guarantee Program (SLGP, the Program), a programmatic approach to derisk and scale up financing for MSMEs in eligible countries, such as the Republic of Uzbekistan. SLGP is supported by a pooled first-loss guarantee (PFLG) provided by the IDA-PSW Blended Finance Facility.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | JSC TBC Bank | Undisclosed | - |
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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