SLGP RSF TBC UZ

pending

The proposed project consists of an unfunded Risk Sharing Facility (RSF) for JSCB TBC Bank (TBC UZ, the Bank). The facility will have a tenor of up to eight years, under which IFC will guarantee up to $25 million equivalent in local currency, covering 50% of the Bank’s credit risk on a target micro, small, and medium enterprises (MSME) loan portfolio of up to $50 million equivalent in local currency. Subject to eligibility confirmation, the Project would be processed under IFC’s Small Loan Guarantee Program (SLGP, the Program), a programmatic approach to derisk and scale up financing for MSMEs in eligible countries, such as the Republic of Uzbekistan. SLGP is supported by a pooled first-loss guarantee (PFLG) provided by the IDA-PSW Blended Finance Facility.