• World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 27, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 9, 2021

Disclosed by Bank May 5, 2021

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank website:

The MIGA IFC Trade Finance Guarantee Initiative (the Initiative) is expected to respond to COVID-19 by leveraging IFC’s existing trade solutions platform, to provide trade finance guarantees under IFC’s Global Trade Finance Program (GTFP) to state-owned banks (SOE Banks) to support trade flows of critical goods, equipment and supplies to emerging markets during the crisis.  For IFC to implement the MIGA IFC Trade Finance Guarantee Initiative, IFC will temporarily increase the GTFP by up to US$500 million in outstanding balances.  This outstanding balances of US$500 million is expected to allow US$1 billion of commitments counter-guaranteed up to 99 percent by MIGA. By partnering with MIGA, IFC can address trade finance gaps by providing trade guarantees, particularly in IDA/FCS countries where SOE Banks represent a portion of the trade finance market.  Through this partnership with MIGA, IFC will contribute further to the economic recovery in IDA/FCS countries and emerging markets developing economies (EMDEs) by promoting the revitalization of private sector value chains during the COVID-19 and the post-COVID-19 period.] 

The proposal does not have a single company and/or sponsor, but rather, is expected to support more than 1,500 real sector participants (exporters/importers) as the sponsors.  This proposal will rely on GTFP’s new obligors.

This project has an environmental and social risk category of FI-3.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure.



You can submit a request for information disclosure at:

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works