Belarus Competitiveness Enhancement Project (WB-P152276)

Countries
  • Belarus
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 5, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Development Bank of the Republic of Belarus
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 22, 2017

Disclosed by Bank Sep 15, 2015


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Project Description
This project finances improvements in the access to finance for private micro, small, and medium-sized enterprises via a line of credit, as well as enhancements in the governance and the institutional capacity of the Development Bank of the Republic of Belarus.
Investment Description
  • World Bank (WB)
The Development Bank of the Republic of Belarus is a specialized financial institution founded by the Council of Ministers and the National Bank of the Republic Belarus.
Contact Information
World Bank Contact: Johanna Jaeger Title: Sr Financial Sector Spec. Tel: 458-9782 Email: jjaeger@worldbank.org PHWB Contact: Karen Grigorian Title: Senior Private Sector Speciali Tel: 458-7451 Email: kgrigorian@worldbank.org PHWB Contact: Johanna Jaeger Title: Sr Financial Sector Spec. Tel: 458-9782 Email: jjaeger@worldbank.org Borrower/Client/Recipient Name: Development Bank of the Republic of Belarus Contact: Artem Koptev Title: Head of Financial Institutions Tel: 80172391128 Email: koptev.a@brrb.by Implementing Agencies Name: Development Bank of the Republic of Belarus Contact: Artem Koptev Title: Head of Financial Institutions Tel: 80172391128 Email: koptev.a@brrb.by ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.