PROJECT

Projects

Summary of Investment Information

Project Number

44054

Company Name

NSIA BANQUE COTE D'IVOIRE, S.A.

Date SPI Disclosed

Jun 19, 2020

Country

Cote D'Ivoire

Region

Africa

Projected Board Date

Jun 17, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 9, 2021

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2020
Signed : Jun 30, 2020
Invested : Aug 19, 2020

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

 The proposed investment consists of a working capital facility of up to Euro 25 million to NSIA Banque Côte d'Ivoire (“NBCI” or “Bank”) under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation