PROJECT

Projects

Summary of Investment Information

Project Number

50747

Company Name

BANK OF BAGHDAD

Date SPI Disclosed

Mar 24, 2025

Country

Iraq

Region

Middle East

Projected Board Date

Apr 23, 2025

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Oct 30, 2024

Sector

Commercial Banking - Trade

Project Description

 The proposed project is a US$10 million uncommitted trade finance guarantee facility under IFC’s Global Trade Finance Program (GTFP) to Bank of Baghdad (“BoB” or “the Bank”) for a tenor of up to 12 months. The purpose of the proposed IFC trade line is to enable BoB to expand its international trade business and support trade in lieu of challenging macroeconomic conditions in Iraq.                                         

                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation