According to the Bank’s website, the proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program (“GTFP” or the “GTFP Facility”) of up to US$15 million, booked under the Africa Trade and Supply Chain Recovery Initiative (“ATRI”), benefiting from a 25 percent pooled first loss guarantee. The purpose of the proposed IFC trade line is to reduce Coris Bank International Côte d’Ivoire’s (the “Bank” or “CBI CIV”) reliance on CBI Burkina Faso affiliate and to support the strategic plan of the Bank’s management to grow its international trade business, knowing the business sector is mostly cash-driven and suffers from the de-risking of Correspondent or Confirming Banks.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Coris bank International Côte d'Ivoire
Coris bank International Côte d'Ivoire
+225 27 20 20 94 50
Boulevard VGE Angle Boulevard Delafosse, Treichville Zone 1, 01 BP 4690, Abidjan, Côte d’Ivoire
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