GWFP Phoenix/BNP (IFC-41405)

  • World
Where the impacts of the investment may be experienced.
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
Bank Risk Rating
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.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • No Restrictions
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank for a specific purpose. A "ring fence" is another name for the specific purpose. Financial intermediaries include insurance, pension and equity funds. A financial intermediary lends these funds to their clients in the form of loans, bonds, guarantees and equity shares.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 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)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 14, 2019

Disclosed by Bank Nov 12, 2018

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Project Description

The project consists of an investment by IFC of up to US$20 million in a revolving uncommitted trade finance facility of US$80 million (the “Facility”), arranged by BNP Paribas (Suisse) S.A. for Phoenix Global DMCC (“Phoenix DMCC”), a subsidiary of Phoenix Commodities Pvt. Ltd (“Phoenix”). The Facility will support Phoenix’s fast-growing agri commodity business in sourcing, trading and distributing Rice, Sugar, Pulses, Grains, Oilseeds and Meals in Sub-Saharan Africa and other regions. In parallel, IFC is also considering a US$10 million A loan to support Phoenix’s establishment of a greenfield fruit orchard in Kazakhstan (Project # 40670). The relevant disclosures are available on and

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Contact Information

Mr. Nitin Navandher
44th Floor, Buliding - AA1 
Mazaya Business Avenue, Jumeirah Lakes Towers (JLT), P.O. Box 49451 
Dubai, United Arab Emirates
Phone: +971-4-4501200, Fax: +971-4-4501210


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