| Project Detail |
Location: Uzbekistan Project number: 55086 Business sector: Manufacturing and Services Notice type: Private Environmental category: B Approval date: 07 May 2024 Status: In Exploratory, Pending Final Review PSD disclosed: 03 May 2024 The provision of a senior secured loan of up to US$ 14 million to Star Group, a fast-growing distributor of fast moving consumer goods (FMCG) based in Uzbekistan. The loan will support Star Groups growing working capital needs and capital expenditure plans (including for the construction of a new warehouse for inventory storage) associated with its growth and the expansion to the regions of Uzbekistan. Project Objectives The project aims to (i) strengthen Star Groups competitive position by adopting international standards such as ISO and IFRS, (ii) promote inclusive employment opportunities and support gender equality, and (iii) contribute to the reduction of the clients carbon footprint and thus promoting green economy through its usage of alternative energy sources. |
