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Project Information
Investment ID: 29745
Bank: IFC/MIGA
Environmental Category: FI
Country: Cambodia
Region: East Asia and the Pacific
Approval Date: None
Investment Types: Equity, Financial intermediary, Loans
Total Project Cost: No recorded data on this
Total Complaints: 1
Description
IFC has an active equity investment in ABBank ($50 million quasi-equity /$25 million A loan) (Project No. 29745). The project proposes to forge a long-term partnership between IFC and ABBank by providing long term financing to the Bank, structured both as senior and convertible debt instruments. According to IFC, its investment aims to allow the Bank to maintain a healthy CAR while growing its loan portfolio, and to support climate change initiatives and enhance financing for eligible projects in the Energy Efficiency (EE) and Cleaner Production (CP) arena. The complainants have also alleged that IFC is exposed to the project via another IFC banking client in the region.
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Equity, Financial intermediary, Loans | 29745 | USD 75.0 million | Planned | IFC | ABBank, IFC Banking Client |
Related Complaints
| IFC/MIGA CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Financial Intermediaries 01-03 | IFC CAO | Cambodia | 11/06/2018 | Active |