• Ivory Coast
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
Mar 31, 2023
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.
Banque Internationale pour le Commerce et l'Industrie de la Côte d’Ivoire
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 16.26 million
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.
Currency conversion note:
Bank reported 10000
Converted using 2023-03-01 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 4, 2023

Disclosed by Bank Mar 1, 2023

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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 IFC, the proposed project consists of an unfunded Risk Sharing Facility (RSF) for up to XOF5 billion (or approximately US$8.3 million) committed in two equal tranches to Banque Internationale pour le Commerce et l'Industrie de la Côte d’Ivoire (BICICI) with a maturity of up to 8 years under IFC’s Africa Medical Equipment Facility (AMEF). The RSF will cover up to 50% of the risk on a portfolio of healthcare small and medium enterprise (HSME) loans in an amount of up to XOF10 billion (or approximately US$16.5 million) to help scale up the Bank's SME lending in Côte d’Ivoire. The loans will be originated by BICICI, the sixth largest bank in Côte d’Ivoire in terms of gross loans, through HSMEs, such as hospitals, clinics, pathology laboratories, diagnostic imaging centers and medical equipment distributors, for whom BICICI finances the purchase of medical equipment through leading original equipment manufacturers.                                                  

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Project has been categorized as FI-2, in accordance with IFC's Environmental and Social Sustainability Policy.

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

As stated by the IFC, the investment consists of an unfunded RSF on a portfolio of SME loans totaling up to XOF10 billion (or approximately US$16.5 million). IFC’s maximum exposure will be up to XOF5 billion (or approximately US$8.3 million).

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

BICICI is part of the Groupe BNP Paribas. As stated by the IFC, the Bank’s main shareholders include CNPS, the national social security fund with a stake of 21.55%, BNI, a state-owned bank with a stake of 21.09%, SUNU Assurances Vie CI with a stake of 18.97%, IPS-CGRAE, the national pension fund for civil servants with a stake of 12.65%, and CDC, the state-owned fund for Deposits and Consignments with a stake of 12.65%.

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.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

Financial Intermediary - Banque Internationale pour le Commerce et l'Industrie de la Côte d’Ivoire:

Mr. Yao Gérard Kouadio - Responsable Stratégie Etudes et Veille
Phone: +225 27 20 24 24 24
Address: Avenue Franchet d'Espérey 01 BP 1298 Abidjan Plateau, Côte d’Ivoire


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

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