Contribute Information
Can you contribute information about this project?
Contact the EWS Team
As stated by the IFC, the proposed investment entails up to US$45 million equivalent of UZS denominated 3-year bullet fixed-rate senior financing to the “JSC Mortgage Refinancing Company of Uzbekistan” (UzMRC), which will be extendible for an additional 3-years, to support UzMRC to refinance the retail mortgage portfolios of private banks and specific state-owned financial institutions. Certain portion of the proceeds might be used by UzMRC for mortgage loans provided to women’s housing finance.
The IFC categorized the project risk as 'FI-3'.
As stated by the IFC, the financial intermediary is JSC Mortgage Refinancing Company of Uzbekistan. The Government of Uzbekistan directly owns 25% through Agency for Management of State Assets of the Republic of Uzbekistan and the remaining 75% is owned by twelve banks, eight of which are state owned and four are private.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - JSC “Mortgage Refinancing Company of Uzbekistan”:
Murodjon Farmonov - Chief Executive Officer
Phone: +998 78 148-30-00
Email: info@uzmrc.uz
Address: International Business Center, Office 14A, 107-B, Amir Temur Avenue, Tashkent, Uzbekistan, 100084
Website: https://www.uzmrc.uz
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