Indorama Kokand | Accountability Console
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Indorama Kokand

Sectors

Manufacturing

Description:

Projects in this Sector: 44

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Issues Raised

Community health and safety

Description:

Projects with this Issue Raised: 336

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Corruption/fraud

Description:

Projects with this Issue Raised: 28

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Human rights

Description:

Projects with this Issue Raised: 63

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Labor

Description:

Projects with this Issue Raised: 95

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Retaliation (actual or feared)

Description:

Projects with this Issue Raised: 61

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Violence against the community

Description:

Projects with this Issue Raised: 46

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Project Information

Investment ID: 30657, 32024, 30893, 33596, 27615, 36170, 35062, 38266

Bank: IFC/MIGA

Environmental Category: A

Country: Uzbekistan

Region: Europe and Central Asia

Approval Date: None

Investment Types: Financial intermediary, Other

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

IFC has an active project with Indorama Kokand Textile (IKT), a cotton yarn producer, to finance the expansion of a textile plant in Fergana Valley, Uzbekistan. IFC also has seven active projects with Hamkorbank, a licensed commercial bank headquartered in Andijan, Uzbekistan. These projects include a combination of equity and loan investments, as well as a Global Trade Finance Program. According to IFC, its loans aim to enable Hamkorbank to expand the scope of its lending program to micro, small, and medium enterprises (MSMEs), with a focus on remote areas, which is aligned with IFC’s financial markets strategy for Uzbekistan. IFC’s Global Trade Finance Program (GTFP) supports selected Hamkorbank export/import transactions.

Related Complaints

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Indorama Kokand Textile