PROJECT

Projects

Summary of Investment Information

Project Number

50620

Company Name

Banque El Amana SA

Date SPI Disclosed

Apr 12, 2025

Country

Mauritania

Region

Africa

Projected Board Date

May 12, 2025

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 : Oct 2, 2024

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$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative (“ATRI”). The purpose of the IFC trade line is to reinforce Banque El Amana’s (the “Bank” or “BEA”) ability to support SMEs’ trade finance needs by reducing cash collateral requirements and broadening the network of correspondent banks, especially in a country where trade plays a key role in the economic                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation