The transaction involves a loan facility of up to $20,000,000 to Cambodia Post Bank Plc (CPB) for the Expanding Micro, Small, and Medium-Sized Enterprise Lending Project in Cambodia.
|Project Name||Cambodia Post Bank Expanding Micro, Small, and Medium-Sized Enterprise Lending Project|
|Borrower/Company||Cambodia Post Bank Plc
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Small and medium enterprise finance and leasing
|Gender Equity and Mainstreaming||Some gender elements|
|Responsible ADB Department|
|Responsible ADB Division|
|Responsible ADB Officer||Bracey, Pamela|
|Description||The transaction involves a loan facility of up to $20,000,000 to Cambodia Post Bank Plc (CPB) for the Expanding Micro, Small, and Medium-Sized Enterprise Lending Project in Cambodia.|
|Objectives and Scope||The proceeds of the loan will be used to finance MSMEs in Cambodia.|
|Linkage to Country/Regional Strategy|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||CPB will enhance its ESMS in compliance with ADB's SPS requirements for financial intermediaries in a form and content agreed with ADB prior to the first disbursement. The ESMS will ensure that CPB does not use ADB proceeds to finance subloans for business activities that are on ADB's prohibited investment activities list or have been classified category A for environmental impacts or category A or B for involuntary resettlement or indigenous peoples according to the SPS. CPB will ensure that the borrowers use ADB proceeds in accordance with applicable environmental and social national laws and regulations. CPB will report annually to ADB on the environmental and social performance of its borrowers' business activities.|
|Involuntary Resettlement||CPB's operations as well as its subloans are not expected to entail any involuntary resettlement impacts.|
|Indigenous Peoples||Based on CPB's existing ESMS, initial screening of subloan applications against the exclusion list eliminates businesses involving activities that impinge on the lands owned or claimed under adjudication by indigenous peoples without full documented consent of such people as well as activities involving significant alteration, damage, or removal of any critical cultural heritage. The screening and categorization procedure of CPB to evaluate indigenous peoples impacts of subloans will be further enhanced to ensure full compliance with the ADB Safeguard Policy Statement.|
|Stakeholder Communication, Participation, and Consultation||The project will ensure that CPB constantly works with its MSME clients to ensure continuous improvement in the delivery of its financial services. CPB partners with nongovernment organizations and local civic organizations to implement its corporate social responsibility program.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||19 Mar 2019|
|Credit Committee Meeting||04 Dec 2020|
|Approval||11 Dec 2020|
|Last PDS Update||14 Dec 2020|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Cambodia Post Bank Expanding Micro, Small, and Medium-Sized Enterprise Lending Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Oct 2019|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.