Original disclosure @ IFC website
Updated in EWS May 27, 2021
Disclosed by Bank May 9, 2021
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Accprding to bank provided information, the proposed project includes an investment of up to US$5 million in East Africa Bank (“EAB” or the “Bank”) in the form of a trade finance guarantee facility for transactions with tenor up to six months.
The project will be supported by an advisory engagement which aims to assist EAB in enhancing its existing global risk management, credit management and trade operations capacities and skills. This will be conducted through a series of workshops and training sessions aiming to build internal capacities.
The Project consists of an investment of up to US$5 million under the Global Trade Finance Program (GTFP) for transactions with tenor up to six months.
GTFP offers confirming banks partial or full guarantees covering payment risk on banks in emerging markets for trade related transactions.
East Africa Bank
Ismail Garo Guyo
Chief Financial Officer
+253 21 311 966/ +253 77 163 931
EAB Tower, Place du Juin Box 2020, Djibouti
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