Summary of Proposed Investment
Project Number
28171
Company Name
CITIBANK N A
Date SPI Disclosed
Apr 14, 2009
Country
World Region
Industry
Financial Markets
Projected Board Date
May 21, 2009
Status
Completed
Sector
Trade Finance
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Previous Events
Approved : May 28, 2009
Signed : Jun 30, 2009
Invested : Oct 9, 2009
Project Description
The project is for IFC and funding partners (development finance institutions and international financial institutions) to provide trade financing of an amount yet to be determined to Citibank N.A. (“Citibank”) headquartered in the United States, 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 $1-2 billion, which will be match-funded with resources from other development finance institutions (DFIs) and international financial institutions (IFIs) 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
Gvegarra@ifc.org
SStevenson@ifc.org
Hahn@ifc.org
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
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: 202-974-4384E Mail: Webmaster