๐ Tender Overview
Project ID: 56293
Status: Approved
Location: Azerbaijan
Business Sector: Financial Institutions
Notice Type: Private
Project Description
A senior unsecured synthetic AZN loan, denominated in USD, of up to USD 10 million, to be provided under the Financial Intermediaries Framework ("FIF") in a single tranche, for on-lending to private MSME clients of BR operating in Azerbaijan.
Project Objectives
Pursuant to the FIF objectives, the proposed sub-operation will provide medium-term local currency funding to private MSMEs in Azerbaijan, with a specific emphasis on rural areas. In line with EFSD+ requirements, at least 65% of the sub-borrowers will operate outside of the capital.
Transition Impact
ETI score:68
proposed MSME loan contributes to the objectives of the Financial Intermediary Framework (FIF), supporting Inclusive and Competitive transition qualities.
Inclusive: The Project improves access to finance for under-served market segments, improving their financial inclusion with demonstrably high need and outstanding effectiveness.
Competitive: Project will expand Bank Respublika's MSME portfolio, with a focus on reaching regional clients and attracting new clients.
