Regional: SHORECAP II LIMITED

Nonsovereign Project | 43934-014

Summary

SHORECAP II LIMITED

Latest Project Documents

Title Document Date
ShoreCap II Limited Nov 2010
ShoreCap II Limited Aug 2010

Consulting Notices

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Project Name SHORECAP II LIMITED
Project Number 43934-014
Borrower/Company SHORECAP II LIMITED
Country Regional
Location Regional
Approval Number 7323
Type or Modality of Assistance
7323 Investment Fund USD 10.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Inclusive finance
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Anshukant Taneja
Project Sponsor(s)
Description SHORECAP II LIMITED
Objectives and Scope The Fund will make equtiy and equity-related investments primarily for significant minority positions in regulated financial institutions, including MFIs and SBBs in Asia and Africa. ADB's contribution to the Fund will be used exclusively for investments in Developing Member Countries (DMCs), and ADB will have an excuse right exempting it from having its capital called for non-DMC investments.
Linkage to Country/Regional Strategy ADB's Strategy 2020 identifies private sector development as a key driver of change in Asia, and financial development as one of five core specializations that supports the Bank's agenda.
Status of Development Objectives The Fund's investments lead to the increased economic contribution to the Asia-Pacific region by MFIs and SBBs greater reach to underserved clients (i.e. women and rural clients), and improved corporate governance to these institutions.
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects The Fund has established a Social and Environmental Management System (SEMS) compliant with IFC's performance standards and has adopted a microfinance exclusion lists. If needed, the Fund's SEMS will be upgraded to meet ADB's requirements under the Safeguard Policy Statement.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 12 Oct 2009
Due Diligence 21 Oct 2009
Credit Committee Meeting 25 Oct 2010
Approval 09 Dec 2010
PDS Creation Date 08 Nov 2010
Last PDS Update 30 Sep 2014
Title Document Type Document Date
ShoreCap II Limited Reports and Recommendations of the President Nov 2010
ShoreCap II Limited Initial Poverty and Social Analysis Aug 2010

Safeguard Documents

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No documents found.

Evaluation Documents

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No documents found.


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