Quick Facts

Where the impacts of the investment may be experienced.
  • Myanmar
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-01-07
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: City Mart Holding Company Limited
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 46.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-08-24
Disclosure Date: 2015-09-08

Project Description
This project finances an expansion plan for City Mart Holding Company Limited, which operates hypermarkets and supermarkets in Myanmar, through the construction of about 11 supermarkets, shopping centers, and hypermarkets.
Investment Description
City Mart Holding Company Limited is the largest operator of supermarkets, hypermarkets, shopping centers, and convenience stores in Myanmar. It is a family held, Myanmar-registered private company. Its shareholders are Ms. Win Win Tint, the founder and managing director, and her relatives.
Contact Information
Mr. Ronald Lee City Mart Holding Company Limited – Head Office No. 1-11, Padonmar Stadium (East Wing) Bargayar Street, Sanchaung Township Yangon, Myanmar Phone: +95 1508460 Fax: +95 1512019 http://www.cmhl.com.mm ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/