PROJECT

Projects

Summary of Investment Information

Project Number

44597

Company Name

NEDBANK MOZAMBIQUE

Date SPI Disclosed

May 13, 2021

Country

Mozambique

Region

Africa

Projected Board Date

Mar 25, 2021

Environmental Category

C - 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 : Jul 17, 2020

Sector

Commercial Banking - Trade

Project Description

The proposed project is an uncommitted trade finance guarantee facility under IFC’s Global Trade Finance Program (the “GTFP Facility”) of up to US$10 million. The purpose of the proposed IFC trade line is to support the Bank’s trade program. GTFP offers confirming banks partial or full guarantees covering payment risk on banks in emerging markets for trade related transactions.

Associated Advisory Engagement

 Aligned to the participation of Banco Unico in GTFP, IFC offers a full-fledged trade operational training for back and front offices.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation