Original disclosure @ IFC website
Updated in EWS Jan 9, 2020
Disclosed by Bank Dec 23, 2019
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According to bank documents, the proposed Project is an investment of up to US$5 million in FDH Bank (“FDH” or “the Bank”) in the form of a trade finance guarantee facility for transactions with a tenor of up to one year. This project was approved as part of IFC's Global Trade Finance Program.
The Project consists of an investment of up to US$5 million under the Global Trade Finance Program (GTFP) for transactions with a tenor of up to one year. GTFP offers confirming banks partial or full guarantees covering payment risk on banks in emerging markets for trade related transactions.
Mr. William Mpinganjira
Acting Managing Director
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PO Box 512, Blantyre, Malawi
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