Original disclosure @ IFC website
Updated in EWS Feb 6, 2020
Disclosed by Bank Jan 21, 2020
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The Project is a funded risk participation for up to EUR 10 million by IFC in a EUR 45million one-year offshore secured pre-export facility provided by Societe Generale to finance the purchase of seed cotton and provide working capital to a cotton company in Burkina Faso. The most significant, expected project-level outcome is continued access to markets and finance for over 32,889 farmers and increases in productivity for 1,557 farmers. Beyond the project, IFC anticipates the investment will increase integration and resilience in the cotton sector in Burkina Faso, a low income/IDA country, through capacity building and demonstration and replication effects.
17 Cours Valmy 92800 Puteaux France
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