PROJECT

Projects

Summary of Investment Information

Project Number

47752

Company Name

Citibank Asia RSF

Date SPI Disclosed

Nov 26, 2024

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Jan 2, 2025

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

Oct 3, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed project entails an unfunded risk participation facility (RPF) of up to US$300 million with Citibank N.A (Citi or the Bank) on a portfolio of loans to financial institutions to support micro, small and medium enterprises (MSME) financing, including women-owned/led MSMEs (WMSMEs), in emerging Asian countries. IFC's maximum risk coverage will be up to 50% of the total portfolio or up to US$150 million, whichever is lower. The tenor of the facility would be up to 5 years.          

The Project is expected to be supported by (i) the Global Small and Medium Enterprise Facility (“GSMEF”) and (ii) Women Entrepreneurs Finance Initiative (“We-Fi”), as described in the Blended Finance section.

Associated Advisory Engagement

IFC would engage with the underlying portfolio financial institutions to provide advisory to support their MSME and WMSME financing in coordination with Citi.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation