• février

    28

    2022
  • 138
  • 0

International Finance Corporation Loan Agreement

Under this programme, 25% of the loan will be earmarked for the needs of women entrepreneurs. IFC will accumulate the funds through a private placement of GEL-denominated Eurobonds. The transaction will be completed by Galt & Taggart, an affiliate of BOG. In fiscal 2019, we committed $7.1 billion in new loans on our own account. IFC finances projects and businesses through loans on its own account, usually for a period of seven to 12 years. We also lend to intermediary banks, leasing companies and other financial institutions for subsequent loans. While IFC loans have traditionally been denominated in the currencies of major industrialized countries, we have made the structure of local currency products a priority. The IFC provided financing in 74 local currencies. « With enormous development potential, women entrepreneurs are able to significantly influence growth in developing countries. That`s why we`re promoting educational programs and expanding financial resources for women, » said Charlotte Kinan, Director of 10,000 Women`s Initiatives. The lock is automatically unlocked while waiting 10 minutes. If you continue to exceed the SEC`s maximum allowable application rate during the expiration period, the duration of the expiration period will be extended.

To ensure equitable access for all users, please reduce the rate of your requests and review SEC.gov after the 10-minute break expires. Gel-denominated funds are intended to stimulate small and medium-sized enterprises. The investment is part of The Opportunities for Female Entrepreneurs, the global initiative of IFC and the Goldman Sachs Foundation to support women entrepreneurs. The governments on whose behalf this Agreement is signed agree that: By using this website, you consent to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. If a user or application submits more than 10 requests per second, other requests from the IP address may be limited for a short time. Once the request rate drops below the threshold for 10 minutes, the user can continue to access content on SEC.gov. This SEC practice is designed to limit excessive automated searches of SEC.gov and is not intended or should not affect individuals browsing the website SEC.gov. The International Finance Corporation (hereinafter referred to as the Company) is incorporated and operates in accordance with the following provisions: For more information, please refer to the SEC`s Privacy and Security Policy.

Thank you for your interest in the U.S. Securities and Exchange Commission. Jan Van Bilsen, IFC Regional Director in the South Caucasus, said: « Our collaboration with the Bank of Georgia will address one of the key challenges for private sector development in Georgia: access to GEL-denominated finance will increase. This is another advanced project aimed at promoting the backbone of all economies – small industry. « We are pleased to have the opportunity to continue our support to the Bank of Georgia as it expands its lending to women-owned businesses and helps reduce the $2.1 billion financial gap in Georgia, » she noted. Current policies limit each user to a total of no more than 10 requests per second, regardless of the number of computers used to send requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that make excessive requests. To ensure that our website works well for all users, the SEC monitors the frequency of requests for content SEC.gov to ensure that automated searches do not interfere with other people`s ability to access content SEC.gov. We reserve the right to block IP addresses that make excessive requests. Current policies limit users to a total of no more than 10 requests per second, regardless of the number of computers used to send requests. « We are pleased that the Bank of Georgia and the IFC continue to conduct significant transactions in the local currency.

These transactions provide GEL-denominated funds to micro, small and medium-sized enterprises and create new financial opportunities for women entrepreneurs. This is the second successful transaction by BOG and IFC in local currency under the Opportunities for Women Entrepreneurs program. I would like to express my sincere thanks to our partners for their reliable support for the credit rating of Georgian micro, small and medium-sized enterprises in the national currency. Amid the dedollarization of the Georgian economy, the successful transaction with IFC will further strengthen Bank of Georgia`s position as a leading creditor in the GEL-denominated financial resources market, » said Sulkhan Gvalia, Deputy Managing Director of BOG. Unauthorized attempts to upload information and/or modify information on any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. § 1001 and 1030). Note: We do not provide technical support for developing or debugging scripted download processes. Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. For best practices for efficiently downloading information from SEC.gov, including the latest EDGAR submissions, see sec.gov/developer. You can also sign up for email updates to the SEC Open Data program, including best practices that make downloading data more efficient and improvements SEC.gov that can affect scripted download processes.

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