PROJECT

Projects

Summary of Investment Information

Project Number

32558

Company Name

FIMBANK P.L.C.

Date SPI Disclosed

Nov 19, 2012

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Dec 21, 2012

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2012
Signed : Dec 21, 2012
Invested : Jan 25, 2013

Sector

Trade Finance

Project Description

The project is to provide FIMbank (or the “Bank”), with a trade finance facility of up to $30 million to support the Bank’s trade finance activities in MENA and Sub-Sahara Africa.

The Facility will be funded as part of IFC’s Global Trade Liquidity Program (“GTLP”) which was created as part of IFC’s extended commitment to support global trade finance in order to increase the reach to some of the enterprises in emerging markets by addressing the liquidity constraint that they are as well as some of the financial institutions are still facing.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation