Navoiyazot preparation for privatization support (IFC-607850)

Countries
  • Uzbekistan
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
Mar 20, 2023
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
  • Agriculture and Forestry
  • Energy
  • Industry and Trade
  • Law and Government
  • Mining
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.25 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 Jun 12, 2023

Disclosed by Bank Jun 9, 2023

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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.

In the framework of the second Tashkent International Investment Forum held in the capital on April 28, an agreement was signed between the State Assets Management Agency and the International Finance Corporation to assist the government in the privatization of Navoiazot JSC.
According to the agreement, the IFC will serve as a strategic advisor in the pre-privatization preparation process of Navoiazot JSC, one of the leading chemical and fertilizer companies in Uzbekistan and Central Asia.
The need to carry out pre-privatization preparation of Navoiazot JSC was established by the Decree of the President of Uzbekistan No. 388 dated October 10, 2022. The pre-privatization preparation will help the country's government develop an optimal strategy for privatizing one of its largest state assets. The subsequent privatization of Navoiazot JSC will facilitate the inflow of private investments into Uzbekistan's chemical industry, its modernization, and the growth of efficiency and competitiveness in this fundamental sector of the country's economy.

Investment Description
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Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Navoiazot JSC is one of the largest enterprises in Uzbekistan's chemical industry, involved in the production of mineral fertilizers, chemical reagents, and other low-tonnage chemical products. Producing over 30% of Uzbekistan's chemical output, Navoiazot is a key chemical company covering various sectors including chemical industry, agriculture, mining and the fuel and energy sector.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Navoiazot JSC Undisclosed Industry and Trade

Contact Information
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Navoiazot JSC:

Phone: +998 78 140-74-08
Fax: +998 78 140-74-01
Address: 100011, Tashkent city, Uzbekistan. Navoiy st., 38.
Email: uzkimyosanoat@uks.uz / info@uzkimyosanoat.uz / www.uzkimyosanoat.uz
Website: https://uzkimyosanoat.uz/en

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