Original disclosure @ IFC website
Updated in EWS Apr 2, 2021
Disclosed by Bank Feb 17, 2021
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According to the bank website, The proposed project includes an investment of up to US$10 million in HIBRET Bank Ethiopia (“HIBRET Bank” or the “Bank”) in the form of a trade finance guarantee facility for transactions with tenor up to six months.
The project builds on GTFP's global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Bank's customers, including both corporates and SMEs. On the market side, the project will further connect the Issuing Bank's cross border connections, increasing the country's integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country's financial markets more deeply.
Project contacts not available at the time of disclosure.
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