GTLP SCB III (IFC-38705)

Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 22, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
STANDARD CHARTERED PLC
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 15, 2018

Disclosed by Bank Aug 1, 2016


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Project Description

This project finances guarantees that will help bank increase their credit limits while managing the risk and support trade in Emerging Markets. 

People Affected By This Project

Increased access to finance: The Project will increase access to finance for Emerging Market importers and exporters. Improved availability of credit is expected to benefit local enterprises (producers and importers, including SMEs) along with value chain and, therefore, support growth, sustain employment and encourage the generation of higher incomes.

Demonstration Effect: The Project will show other market participants the strength of an IFC partnership with a major international bank and Program Partners to support trade finance globally. The Project will have a strong demonstration effect by encouraging greater local/regional bank participation in Emerging Markets trade finance, thereby increasing access to such type of financing for local importers and exporters.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Nicolas Langlois
Managing Director, Transaction Banking
Standard Chartered Bank
Marina Bay Financial Centre
8, Marina Boulevard, Level 22 (018981)
Email: mailto:Nicolas.langlois@sc.com
Phone: +65 6596 4121

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/