📋 Tender Overview
Project Number
50620
Company Name
Banque El Amana SA
Date SPI Disclosed
Apr 12, 2025
Country
Mauritania
Region
Africa
Projected Board Date
May 12, 2025
Environmental Category
FI-3
Status
Pending Signing
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program ( GTFP or the GTFP Facility ) of up to US$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative ( ATRI ). The purpose of the IFC trade line is to reinforce Banque El Amana’s (the Bank or BEA ) ability to support SMEs’ trade finance needs by reducing cash collateral requirements and broadening the network of correspondent banks, especially in a country where trade plays a key role in the economic
