📋 Tender Overview
Project Number
50333
Company Name
ABSA GTLP
Date SPI Disclosed
Apr 21, 2025
Country
Africa Region
Region
Africa
Projected Board Date
May 30, 2025
Environmental Category
FI-3
Status
Pending Approval
Last Updated Date
Department
Global Trade & Supply Chain
Industry
Financial Institutions
Sector
Commercial Banking - Trade and Supply Chain
Additional Project Attributes
Blended Finance
Project Description
The GTLP ATRI Absa Project is an unfunded Risk Sharing Facility (RSF) with Absa Group ( Absa Group or the Bank ) in a portfolio of trade transactions in Africa, Under the facility, IFC will provide up to 75% (or up to $100 million) of unfunded risk mitigation in the pool of eligible trade transactions between Absa Group and Emerging Market Issuing Banks ( EMIBs ) in African countries, ultimately supporting the importers and exporters of goods throughout the continent.
