PROJECT

Projects

Summary of Investment Information

Project Number

48462

Company Name

Sumitomo Mitsui Banking Corporation Singapore Branch

Date SPI Disclosed

Feb 6, 2025

Country

World Region

Region

Global

Projected Board Date

Jan 13, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 3, 2025

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Dec 15, 2022
Signed : Feb 16, 2025
Invested : Apr 1, 2025

Sector

Trade Finance

Project Description

The proposed investment is a funded risk-sharing facility with Sumitomo Mitsui Banking Corporation (“SMBC”) in a portfolio of supply chain finance-related assets for up to US$300 million with IFC investment of up to US$150 million (the “Project”).

 

The Project falls under the Global Supply Chain Finance (GSCF) Program, a program launched by the International Finance Corporation (IFC) in December 2022. The GSCF supports open account trade in emerging markets by providing funded or unfunded risk participation in partner banks’ facilities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation