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According to the bank's website, "The proposed investment is a 3-year senior loan of up to US$50 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited, consisting of IFC’s own account investment of up to US$10 million and mobilization of up to US$40 million. The loan proceeds will support the Bank’s MSME portfolio and improve access to finance for MSMEs during the COVID-19 pandemic. This loan will be supported by the IDA Private Sector Window (PSW) Blended Finance Facility."
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Bank of Ayudhya Public Company Limited | Parent Company | - |
No contact information provided at time of disclosure.
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
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