Baltics Commercial Paper Framework (EBRD-52363)

Regions
  • Europe and Central Asia
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
Mar 10, 2021
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
Baltic Central Bank
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
$ 89.43 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 75
Converted using 2021-03-10 exchange rate.
Project Cost (USD)
$ 89.43 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 75
Converted using 2021-03-10 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 30, 2021

Disclosed by Bank Mar 18, 2021


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

Project Description

According to banks's information, EBRD and NIB signed Memorandum of Understanding ('MoU') in 2021 with all the Baltic Central Banks,as part of the Covid-19 recovery process. And it would be provide up to EUR 75 million to Baltic CB. 

PROJECT OBJECTIVES

The  main objectives of the project is:

  • diversify sources of finance for local corporates, due to the pandemic;
  • mobilise private sector institutional investor capital;
  • establish an inventory of investible securities for domestic and international investors;

 

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

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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