Project Description
The project is for IFC and funding partners (other development finance institutions, “DFIs”) to assume a funded trade finance risk participation for up to USD500 million in the trade finance portfolio of Cooperatieve Centrale Raiffeisen Boerenleenbank B.A. (trading as “Rabobank International”), a bank incorporated in The Netherlands, with the statutory seat in Amsterdam, The Netherlands and located at Croeselaan 28, 3521 CB Utrecht, The Netherlands, structured under IFC GTLP’s initiative.
GTLP is part of IFC’s multi-faceted global financial crisis response. It is a funded trade finance program of up to USD8 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of funded trade financing to under-served clients globally. The proposed total IFC investment would be up to USD2 billion, which will be leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets trade finance.