PROJECT

Projects

Summary of Investment Information

Project Number

34624

Company Name

FIMBANK P.L.C.

Date SPI Disclosed

Jan 24, 2014

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Feb 25, 2014

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2012
Signed : May 29, 2014
Invested : Dec 24, 2014

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The project is to provide FIMBank (“FIM” or the “Bank”), with a trade finance facility under the Global Trade Liquidity Program (“GTLP”) of up to US$30 million to support the Bank’s trade finance activities in MENA and Sub-Saharan Africa. The GTLP was launched in 2009, and extended in 2012 to re-launch a proven crisis response model developed during 2008-2009 financial crises and successfully executed for the last three years. FIMBank has participated in the first launch and later extension of the GTLP and this will be a repeat engagement with the Bank under the GTLP.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation