Myanmar FS (IFC-603241)

Countries
  • Myanmar
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
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
Jun 1, 2018
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.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.16 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.16 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 23, 2018

Disclosed by Bank Jul 16, 2018


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Project Description

According to IFC, the project will "promote development of the agribusiness sector in Myanmar by supporting uptake of food safety standards by clients, building the local institutional capacity, and increasing awareness."

The project objectives are:
1: Build food safety capacity across strategic sectors in Myanmar via: a) raising awareness on the benefits of better food safety management among industry stakeholders, b) partnering with industry groups to deliver capacity building for food safety management systems and good agricultural practices and c) developing a cadre of experts who can support industry clients in the future.

2: Provide food safety support at the firm level and aggregator-level support, leading to: a) reduced risk profile, b) farmers reached, c) increased sales, d) reduced costs and e) financing facilitated for client firms.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IFC

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