Financial Intermediaries 01-03 | Accountability Console
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Financial Intermediaries 01-03

Sectors

Financing

Description:

Projects in this Sector: 5

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Issues Raised

Environmental

Description:

Projects with this Issue Raised: 275

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Other

Description:

Projects with this Issue Raised: 466

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Project Information

Investment ID: 29745

Bank: IFC/MIGA

Environmental Category: FI

Country: Cambodia

Region: East Asia & the Pacific

Approval Date: None

Investment Types: Equity, 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, 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