According to bank documents, the proposed investment consists of a one-year, renewable senior loan of up to US$10.0 million to I&M Bank (Rwanda) Plc (I&MR, the Bank) under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The loan will provide I&MR additional liquidity support for its operations amidst prevailing economic challenges resulting from the COVID-19 pandemic.
The investment consists of a one-year senior loan of up to US$10.0 million renewable for up to 12 months to I&MR under the WCS Envelope. The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic.
I&M Bank (Rwanda) Plc
Head of Treasury
+250 788 162 010
KN 03 Ave 9, PO Box 354, Kigali, Rwanda
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