📋 Tender Overview
Location: Uzbekistan
Project number: 55204
Business sector: Financial institutions
Notice type: Private
EBRD Finance Summary: USD 10,000,000.00
Total Project Cost: USD 10,000,000.00
Project Description
The provision of a three-year senior loan (YiB Loan I) of up to US$ 10 million in the local currency equivalent to Ipak Yuli Bank (IYB), a major private bank in Uzbekistan, under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria.
Project Objectives
The YiB Loan I will enable Ipak Yuli Bank to maintain further diversification of its funding base, and to finance youth-led businesses in Uzbekistan. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Uzbekistan.
Transition Impact
ETI score: 71
As part of the CA YiB, the YiB Loan I to Ipak Yuli Bank will support Inclusive (primary) and Competitive (secondary) transition qualities through promotion of youth entrepreneurship and, more broadly, youth's active participation in business activities. Taken together, these targets will contribute to improving access to finance for youth entrepreneurs in Uzbekistan which IYB may not have pursued otherwise.
