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According to the Bank’s website, in 2022 IFC committed a new senior unsecured A-Loan of up to US$40 million eqvt. to Coca-Cola Beverages Pakistan Limited (‘CCBPL’), to refinance the outstanding balance of IFC's existing loan to the Company and top up the overall Loan amount. The IFC Loan will i) fund CCBPL's expanded working capital needs, which have arisen due to COVID; ii) partially finance the Company's capital expenditure program, which COVID delayed; and iii) facilitate a long-term cross-currency swap to hedge the Company's hard currency debt exposure against the anticipated Pakistan Rupee (‘PKR’) devaluation.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Coca-Cola Beverages Pakistan Limited | Client | - |
Coca-Cola Beverages Pakistan Ltd
Muhammad Shaharyar Mujahid
Treasury Lead
0092 423 575 6845-9
msmujahid@ccbpl.com.pk
26 F.C.C., Syed Maratab Ali Road, Gulberg 4, Lahore
https://www.coca-cola.com/pk/en
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
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