📋 Tender Overview
Project Number: 47699
Company Name: BANQUE DU CAIRE
Date SPI Disclosed: Mar 29, 2024
Country: Egypt, Arab Republic of
Region: North Africa and Horn of Africa
Projected Board Date: Mar 29, 2024
Environmental Category: FI-2
Status: Pending Signing
Department: CF3NA - Regional Industry - FIG Africa/FIG North Africa
Industry: Financial Institutions
Sector: Commercial Banking - General
Additional Project Attributes: Blended Finance
Project Description
The project consists of an investment package of up to US$100 million in the form of: (i) 5-year senior loan of up to US$50 million; and (ii) up to US$50 million uncommitted trade finance facility with tenors up to 12 months under the Global Trade Finance Program ( GTFP ) to Banque Du Caire (BdC or the Bank), a new partner bank for IFC in Egypt. The proceeds will be used to finance private-owned Micro, Small and Medium enterprises (MSMEs), including women-owned MSMEs (WMSMEs) (the loan). The loan is expected to be supported by Global SME Facility (GSMEF) as described in the Blended Finance Section.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
