The project falls is under the Global Trade Liquidity Program (“GTLP”), a finance program launched by the IFC in 2009. GTLP provides liquidity or guarantees to global or regional banks with large financial institution networks. 

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

According to the IFC website:

SMBC was established in April 2001 by the merger of the two leading Japanese banks: The Sakura Bank, Limited and The Sumitomo Bank, Limited.  SMBC is a wholly owned subsidiary (and the core unit) of the Sumitomo Mitsui Financial Group, a financial conglomerate including other financial services such as deposit taking, lending, securities retail sales and trading, securities investment, fund transfers, foreign exchange, insourcing of financial futures transactions, corporate bond trustee and custody services, trust bank business, investment trust sales, securities intermediary business, retail sales of insurance products, and other credit related businesses.

SMBC is one of Japan’s leading banks with an extensive network domestically and growing international presence. The Bank has 442 branches/offices in Japan (excluding sub branches and agencies), 19 overseas branches (excluding sub branches and representative offices) globally, and over 29,000 employees.