51188 - SocGen Mauritania ATRI GTFP

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Summary of Investment Information

Project Number

51188

Company Name

BANQUE INTERNATIONALE D'INVESTISSEMENT

Date SPI Disclosed

Jan 20, 2026

Country

Mauritania

Region

Africa

Projected Board Date

Apr 30, 2026

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Jan 21, 2026

Department

CF3WA - Regional Industry - FIG Africa/FIG West Africa

Industry

Financial Markets

Sector

Commercial Banking - SME Finance

Project Description

The proposed Project is an unfunded trade finance facility under IFC’s Global Trade Finance Program (“GTFP” or the “GTFP Facility”) in an aggregate amount of approximately US$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative (“ATRI”), benefiting from a 25 percent pooled first loss guarantee. The purpose of the Project is to support Société Générale Mauritanie (“SGM” or the “Bank”) following the exit of the Société Générale Group, on which the Bank previously relied for its international trade operations. The Project will also help advance the Bank’s strategic plan to expand its trade finance activities in a market that remains largely cash-driven and is negatively impacted by the ongoing de-risking measures taken by Correspondent and Confirming Banks.

Sponsor / Cost / Location

Development Impact

The project builds on GTFP’s global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Bank’s customers, including both corporates and SMEs. On the market side, the project will preserve the Issuing Bank’s cross border connections, following the exit of Société Générale, increasing the country’s integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country’s financial markets more deeply.

1. A non-financial source of additionality includes GTFP’s catalytic role as a trusted facilitator among cross border correspondent banks. GTFP’s guarantee structure helps to reduce key elements of confirmation risk for banks that provide this essential service for trade finance. 2. The Project taps GTFP’s global financial institution network for trade finance, which, along with IFC’s trade finance due diligence expertise, increasing the probability of new cross border relationship formation for the Issuing Bank. 3. IFC provides comfort to the Confirming Banks by mitigating non-commercial non-environmental and social risks, such as country, regulatory, project, or political risks, while adhering to IFC’s principle of political neutrality. 4. The Project is expected to help the Issuing Bank strengthen its trade finance operations. In addition, the Issuing Bank will benefit from IFC’s technical expertise in redesigning its trade solutions and marketing materials

E&S Category Rationale / Risks and Mitigation

The project will support short-term trade finance activities. The E&S risks and impacts associated with these activities are considered low and the project has been categorized as FI-3 in accordance with IFC’s Sustainability Policy. The trade finance activities supported by the project will be required to meet the requirements of the IFC’s Exclusion List and other exclusions deemed necessary. The project will not support any activities with significant E&S concerns such as: (a) land acquisition and involuntary resettlement; (b) impacts on Indigenous Peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; or (d) significant occupational health and safety risks. It will also not support any activities related to upstream oil & gas production and activities related to coal such as coal mining, coal transportation, coal-fired power plants, or infrastructure services exclusively dedicated to support any of these activities. The project will not support palm oil that is not RSPO Certified Sustainable Palm Oil (CSPO). IFC will review the details of the underlying trade transactions to confirm that they do not include activities in the IFC Exclusion List and any other exclusions.

Contacts

For Inquiries About the Project, Contact

Societe Generale Mauritania
Ibrahima SY
Head of Department Global Banking Support (GBS)
(+222) 30 50 02 12
ibrahima.sy@socgen.com
Agence Centrale - Avenue El Hadj Omar Tall - Nouakchott
https://societegenerale.mr

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