CDEL DKIB-FY24

pending

The proposed Project entails up to US$15 million investment in unsecured bond denominated in Kyrgyz Som (“KGS” or “LCY”) to be issued by CJSC Demir Kyrgyz International Bank (“DKIB” or the “Bank”), a long-standing IFC client, to expand the Bank's lending program to small and medium enterprises (“SMEs”) including in rural areas of Kyrgyz Republic, with 25% of the proceeds planned to be earmarked for women-owned SMEs (“WSMEs”). The investment is enabled by the International Development Association’s Private Sector Window Local Currency Facility (“IDA PSW LCF). The proposed Project will be accompanied by an unfunded trade finance facility in an aggregate amount of approximately US$3 million under IFC’s Global Trade Finance Program (GTFP) to support the Bank’s trade program.