Summary of Proposed Investment
Project Number
28145
Company Name
STANDARD CHARTERED BANK
Date SPI Disclosed
Feb 27, 2009
Country
World Region
Industry
Financial Markets
Projected Board Date
Mar 31, 2009
Status
Completed
Sector
Trade Finance
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Previous Events
Approved : Aug 7, 2009
Signed : Jun 24, 2009
Invested : Aug 13, 2009
Project Description
The project is for IFC and funding partners (other development finance institutions, “DFIs”) to provide trade financing of up to $500 million to Standard Chartered Bank PLC (“SCB”) headquartered in London, U.K., as part of IFC’s Global Trade Liquidity Program (“GTLP”).
GTLP is part of IFC’s multi-faceted global financial crisis response. It 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 leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets trade finance.
GTLP is part of IFC’s multi-faceted global financial crisis response. It 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 leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets trade finance.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Rohit Prasad
Director & Global Account Manager,
Development Organizations, The Americas
Ph: +1-212-667-0337 Fax: +1-212-667-0120
Mobile: +1 917-562-4464 H/L: 70337
1 Madison Avenue 3/F, New York NY 10010
Director & Global Account Manager,
Development Organizations, The Americas
Ph: +1-212-667-0337 Fax: +1-212-667-0120
Mobile: +1 917-562-4464 H/L: 70337
1 Madison Avenue 3/F, New York NY 10010
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