Summary of Proposed Investment
Project Number
28088
Company Name
INTERNATIONAL FINANCE CORPORATION
Date SPI Disclosed
Feb 12, 2009
Country
World Region
Industry
Financial Markets
Projected Board Date
Mar 16, 2009
Status
Pending Disbursement
Sector
Trade Finance
Department
Banking and Capital Markets
Environmental Category
C - No Impact
Previous Events
Approved : Mar 31, 2009
Signed : Jun 1, 2009
Project Description
The project is to establish the Global Trade Liquidity Pool Program or “GTLP” as part of IFC’s multi-faceted global financial crisis response. The GTLP is a funded trade finance program of up to $8 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 $2 billion, which will be match funded with resources from other DFIs and IFIs, and several international banks with an established footprint in emerging markets trade finance.
The objective is for the Corporation to quickly mobilize and channel liquidity as part of its multi-faceted crisis response package to specifically help address the liquidity constraint on global trade finance. The GTLP will be designed to provide funding on a global basis for diversification, and will be operational to be co-terminous with the financial crisis.
The objective is for the Corporation to quickly mobilize and channel liquidity as part of its multi-faceted crisis response package to specifically help address the liquidity constraint on global trade finance. The GTLP will be designed to provide funding on a global basis for diversification, and will be operational to be co-terminous with the financial crisis.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
International Finance Corporation:
Gvegarra@ifc.org;
Hahn@ifc.org,
LMecagni@ifc.org
Gvegarra@ifc.org;
Hahn@ifc.org,
LMecagni@ifc.org
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster