Original disclosure @ ADB website
Updated in EWS Apr 20, 2023
Disclosed by Bank Apr 18, 2023
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As stated by the ADB, the transaction involves a loan of up to $15,000,000 to Foreign Enterprise Indorama Agro LLC for the Indorama Climate-Resilient Farmer Livelihood and COVID-19 Recovery Project in Uzbekistan.
The ADB categorized the project in the following way:
Environment - B
Involuntary Resettlement - C
Indigenous Peoples - C
From the company's website:
FE Indorama Agro LLC is one of the largest cotton farms in the Republic of Uzbekistan. It was established in 2018 after the Government started a privatization process for the cotton farming sector in the country. The operations of the Company cover more than 50,000 hectares of land for growing cotton, wheat and other agricultural crops. In addition, the Company works with independent farmers to grow cotton on its behalf. Total leased Farm size is 50.000 hectares, total contract farm size is more than 25.000 hectares. The Company’s ginning processing capacity is 1200 MTD of seed cotton.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Indorama Agro||Client||Agriculture and Forestry|
|-||-||-||-||INDORAMA CORPORATION PTE. LTD.||Parent Company||Industry and Trade|
No project contacts available at the time of disclosure.
Borrower - Foreign Enterprise Indorama Agro LLC:
Address: 11/1 Amir Temur Avenue, Mirobod district, 100100 Tashkent, Uzbekistan
Tel: +998 71 233 2264
Fax: +998 71 2332270
Email: email@example.com / firstname.lastname@example.org
Parent Company - Indorama Corporation Private Limited:
Address: 143 Cecil Street, #14-00 GB Building, Singapore 069542
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