According to bank documents, the proposed Project is an investment of up to US$5 million in FDH Bank (“FDH” or “the Bank”) in the form of a trade finance guarantee facility for transactions with a tenor of up to one year. This project was approved as part of IFC's Global Trade Finance Program.
The Project consists of an investment of up to US$5 million under the Global Trade Finance Program (GTFP) for transactions with a tenor of up to one year. GTFP offers confirming banks partial or full guarantees covering payment risk on banks in emerging markets for trade related transactions.
ACCOUNTABILITY MECHANISM OF IFC
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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/