PROJECT

Projects

Summary of Investment Information

Project Number

49297

Company Name

Nestrade S.A.

Date SPI Disclosed

Dec 2, 2024

Country

Switzerland

Region

Europe

Projected Board Date

Oct 17, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Dec 2, 2024

Department

Global Trade & Supply Chain

Industry

Agribusiness and Forestry

Previous Events

Approved : Sep 21, 2010
Signed : Nov 6, 2024
Invested : Nov 20, 2024

Sector

Coffee, Cocoa, Tea

Project Description

This project is proposed under IFC’s Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723) and an additional increase approved on December 15, 2022. Under GTSF, IFC provides short-term financing to suppliers, (“Suppliers”), in emerging markets selling to large companies, (“Buyers”), on open account terms. Under this project, IFC would purchase, at a discount, US$ denominated Principal Approved Payables/invoices owed by Nestrade S.A. (“Nestrade” or “the Company) to its suppliers in several emerging markets via CRX Markets AG (“CRX”), a leading global supply chain finance platform (the “Project”).

Associated Advisory Engagement

Currently, there is no Advisory Services engagement.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation