RF - Khujand Airport COVID-19 Response

cancelled

The project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Impact of COVID-19 and response measures. OJSC Khujand International Airport (the "Borrower") has suspended its operations after the closure of Tajikistan's airspace on 20 March 2020 in response to the COVID-19 pandemic's spread. Proposed immediate and medium-term approach. In order to address the shortage of working capital requirements during the lockdown and operations restart period, the borrower has approached the Bank with a request to consider provision of a working capital facility in the amount of up to USD 2.0 million (the "Loan") to cover minimum required cash costs during the April 2020 - April 2021 period.