PROJECT

Projects

Summary of Investment Information

Project Number

43235

Company Name

AWASH INTERNATIONAL BANK S.C.

Date SPI Disclosed

Sep 30, 2024

Country

Ethiopia

Region

Africa

Projected Board Date

Sep 11, 2024

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Sep 10, 2019

Sector

Commercial Banking - Trade

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 US$20 million, booked under the Africa Trade and Supply Chain Recovery Initiative (ATRI), benefiting from a 25 percent pooled first loss guarantee. The purpose of the proposed IFC trade line is to support Awash Bank’s (the Bank or AB) trade program. GTFP’s investment in the form of a trade line will confirm banks’ partial or full guarantees [and other trade instruments] covering payment risk on banks in emerging markets in the Federal Democratic Republic of Ethiopia for their trade-related transactions.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation