PROJECT

Projects

Summary of Investment Information

Project Number

49391

Company Name

CITIBANK N.A.

Date SPI Disclosed

May 31, 2024

Country

World Region

Region

Global

Projected Board Date

Jul 1, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 14, 2024

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Jul 16, 2024
Signed : Jul 22, 2024
Invested : Aug 7, 2024

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 GTLP Citi VI project (the “Project”) is a funded risk sharing facility with Citibank, N.A. (“Citi” or the “Bank”) in a portfolio of trade transactions involving financial institutions in Emerging Markets (EMs). Under the facility, IFC will provide up to 50% (or up to US$800 million) of funded risk mitigation in the pool of eligible trade transactions between Citi and Emerging Market Issuing Banks (EMIBs), ultimately increasing access to trade finance for underlying importers and exporters in EMs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation