📋 Tender Overview
Project Number: 49252
Company Name: NSIA BANQUE COTE D'IVOIRE, S.A.
Date SPI Disclosed: Feb 13, 2024
Country: Cote D'Ivoire
Region: West Africa
Projected Board Date: Mar 15, 2024
Environmental Category: FI-3
Status: Pending Signing
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Commercial Banking - Risk Mgmt Facility
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 EUR20 million, booked under the Africa Trade and Supply Chain Recovery Initiative ( ATRI ). The purpose of the proposed IFC trade line is to support the strategic plan of the Bank’s management to grow its international trade business, knowing the business sector is mostly cash-driven and suffers from the de-risking of Correspondent or Confirming Banks.
Total Project Cost and amount and nature of IFC's Investment: GTFP limit of up to EUR20 million on IFC’s own account to NSIA Banque Côte d'Ivoire. The facility will be booked under the ATRI (Board approved in June 2022) umbrella and will hence benefit from a 25 percent Pooled First Loss Guarantee ( PFLG ) from IDA.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
