WCS COVID Ineco
Sector: Manufacturing (Industrial) • Location: Armenia
Source: International Finance Corporation (IFC)
The Project consists of a senior loan of up to US$20 million to Inecobank CJSC (“Inecobank”). The loan to Inecobank would be under WBG Fast Track COVID-19 Facility, in particular IFC’s Financial Institutions Response Envelope. The loan consists of two tranches.The purpose of the loan is on-lending to MSMEs. Many of Inecobank’s MSME-clients face lower revenues, higher costs, supply disruptions, com
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Project consists of a senior loan of up to US$20 million to Inecobank CJSC (“Inecobank”). The loan to Inecobank would be under WBG Fast Track COVID-19 Facility, in particular IFC’s Financial Institutions Response Envelope. The loan consists of two tranches.The purpose of the loan is on-lending to MSMEs. Many of Inecobank’s MSME-clients face lower revenues, higher costs, supply disruptions, complicated inventory management, and pricing power erosion resulting from the COVID19 outbreak. Therefore, they need working capital liquidity as short-term bridge financing to continue operating, providing vital employment, goods, and services, and generating tax revenues.Inecobank is the fifth-largest bank in Armenia, established in 1996 and is the third largest provider of SME loans in Armenia. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |