According to the Bank’s website, the project is expected to support IFC with a limit enhancement of up to US$400 million (“blended concessional finance co-investment”). Without the support provided by IDA PSW, IFC will not be able to support increase in trade volume, given the banks/countries exposure constraints, and/or high risk in booking trade finance in IDA/FCS countries. This support has become even more urgent in the context of rising commodity prices and declining insurance availability, which has resulted in increased unmet trade finance demand by clients. The project will not benefit from a subsidy, as it will earn a fee that is comparable to the market. As is the case with all of IFC’s blended concessional finance co-investments, this project has been assessed against the Enhanced Blended Concessional Finance Principles for DFI Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017. Further information on these Enhanced Principles, IFC’s blended finance approach and governance and details and historical information on estimated subsidy levels in IFC’s blended finance portfolio can be found at: www.ifc.org/blendedfinance. To support this increase in trade volumes at this most critical time, IFC is open to engaging with other partner banks.
blended concessional finance co-investment
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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No contact information provided at the time of disclosure.
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