PROJECT

Projects

Summary of Investment Information

Project Number

47432

Company Name

CORIS BANK INTERNATIONAL GUINEE

Date SPI Disclosed

Nov 8, 2023

Country

Guinea

Region

Africa

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 14, 2022

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$5 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 Coris Bank International Guinea’s (the Bank or CBI GN) 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 Republic of Guinea for their trade-related transactions.                                                  

Associated Advisory Engagement

               

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation