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According to IFC website, the project is a senior loan of up to US$25 million to Priorbank Joint-Stock Company, an existing IFC client in Belarus. The loan will have a tenor of 12 months with the possibility of extension by another 12-month period. The funds will be used to support SMEs in Belarus which have been negatively impacted by the COVID 19 global pandemic.
Priorbank Joint Stock Company
Denis Pekun
Head of FI
denis.pekun@priorbank.by
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/