The Asian Development Bank (ADB) proposes to provide a financial intermediation loan in Kazakhstan tenge (T) of up to $80 million equivalent to the Damu Entrepreneurship Development Fund (Damu). It will develop a financing mechanism to support adoption of green investments by the micro, small and medium enterprises (MSMEs) and contribute to the faster recovery of Kazakhstan economy in a post-COVID world by strengthening of the long-term sustainability of MSME sector. The loan will be sovereign guaranteed by the Republic of Kazakhstan.
The Foundation's mission is to play an active role in the sustainable development of micro, small and medium-sized enterprises (MSMEs) in Kazakhstan, through the implementation of comprehensive and effective support tools.
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
Damu Entrepreneurship Development Fund (Damu)
Republic of Kazakhstan, Almaty, A05C9Y3. Gogol st, 111