PROJECT

Projects

Summary of Investment Information

Project Number

47186

Company Name

Standard Chartered Bank

Date SPI Disclosed

Sep 23, 2022

Country

World Region

Region

Global

Projected Board Date

Oct 31, 2022

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Sep 24, 2022

Department

CTSPD - Global Trade & Supply Chain/Trade & Supply Chain, Products

Industry

Financial Markets

Previous Events

Invested : Jan 31, 2024

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed investment is a funded 50-50% risk-sharing facility with Standard Chartered Bank in a portfolio of trade-related assets for up to US$700 million with IFC investment of up to US$350 million (the “Project”). The project falls under the GTLP program, an innovative and well-received trade finance program launched in 2009. GTLP has proven to be a highly effective means to channel financing to support emerging market trade flows. The program provides liquidity or guarantees thereby helping banks grow their credit limits, manage risk and support trade in the Emerging Markets.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation