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MIB II

Sector: Manufacturing (Industrial) • Location: Korea, Republic of

Source: World Bank Group

Project
Closed

The Second Medium Industry Bank Project will be used to help cover the foreign exchange requirements of industrial subprojects to be financed by MIB; apart from direct imports, the proceeds of the loan will be utilized to finance the foreign exchange component of domestically procured capital goods (estimated at 60%). In order to ensure that a substantial portion of the loan is used for small-scal

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The project “MIB II” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Korea, Republic of. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

closed

Taiyo status

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Taiyo last update

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Email

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Description

Description

The Second Medium Industry Bank Project will be used to help cover the foreign exchange requirements of industrial subprojects to be financed by MIB; apart from direct imports, the proceeds of the loan will be utilized to finance the foreign exchange component of domestically procured capital goods (estimated at 60%). In order to ensure that a substantial portion of the loan is used for small-scale, labor-intensive subprojects, an amount of US$20 million of the proceeds of the proposed loan will be earmarked to assist: (a) subprojects creating employment at a gross capital cost per job not in excess of US$6,000; or (b) enterprises whose fixed assets are not greater than US$250,000. The free limit for subloans is being maintained at US$0.5 million.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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