Robi Retail (IFC-601049)

Countries
  • Bangladesh
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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Oct 28, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.03 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Apr 20, 2016


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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.
The project will focus on Retail Value Chain Development Program of the clients retailers across Bangladesh and will be conducted in two Phases.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
Given the lack of appropriate fixed broadband infrastructure, mobile broadband has been the main source of access to internet in Bangladesh. Approximately 0.7% (1.48 million subscribers) of the population is connected to a land line while mobile communication, with 41.5 million subscribers, has become the only communication means to the vast majority of the population. 1) The Retail Value Chain Development Program will enhance marketing, sales and management skills among the clients network of retailers. 2) The client already offers a wide range of value-added products and services. They are the market leader when it comes to services in entertainment and social media. The Company is also an important player in the nascent Mobiles for Development (M4D) segment, which includes applications for: (i) life insurance; (ii) mAgri for farmers with mobile phones; (iii) e-education with applications that provide information about employment services delivered via mobile phone; and (iv) e-money. The clients continuing investment in network expansion and upgrades, supported by the strengthening of its retail network to successfully deploy these services, especially with the roll-out of its 3G network in larger scale, will have a significant development impact on Bangladesh.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Estimated Total Budget $33,400.00 (Project budget includes all project-funded activities)

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.
ACCOUNTABILITY MECHANISM OF IFC 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/

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How it works