PROJECT

Projects

Summary of Investment Information

Project Number

42104

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

Feb 25, 2019

Country

World Region

Region

Global

Projected Board Date

Mar 28, 2019

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 25, 2019

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 2, 2019
Signed : Jun 7, 2019
Invested : Aug 23, 2019

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed project falls under the Global Trade Liquidity Program (“GTLP”), an innovative and well received trade finance program launched by the International Finance Corporation (“IFC”) in 2009.  GTLP provides liquidity or guarantees to global or regional banks with large financial institution networks.  Through GTLP, banks are able to grow their credit limits, manage risk, and support trade in Emerging Markets (“EMs”).

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation