DCM SRT CACIB III (IFC-44927)

Regions
  • World
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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
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 29, 2021
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.
Borrower
RISK SHARING FACILITY CREDIT AGRICOLE CORPORATE AND INVESTMENT BANKING III
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 182.00 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.
Campaign Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 5, 2024

Disclosed by Bank Feb 26, 2021

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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 project consists of an up to US$182 million unfunded IFC risk participation in an approximate US$4 billion global portfolio of predominantly emerging markets trade finance-related credit assets on Crédit Agricole CIB’s (“CACIB”) balance sheet. This risk participation will support further growth in CACIB’s trade finance transactions in emerging markets. The IFC has given this project a risk category of FI-2 (financial intermediary).

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

The proposed IFC investment is up to US$182 million in the form of an unfunded risk sharing facility.

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.

According to the IFC, CACIB is the Corporate and Investment Banking arm of Credit Agricole Group, a French Public Limited Company and international banking group. CACIB, with a staff strength of over 8,400 full time employees, supports clients in large international markets through its network in more than 30 countries, with a presence in major countries in Europe, America, Asia Pacific and the Middle East and Africa. CACIB is committed to sustainable finance. In 2020, it structured EUR67 billion of green, social and sustainability bonds and ranked world’s second largest arranger of green, social and sustainable bonds. CACIB has received regular recognition since 2014 from Global Capital for its Green Bonds origination efforts and, since 2015 as “ESG  Bond  House of  the  year” by the prestigious IFR review. CACIB offers innovative solutions for its clients related to Sustainability, such as the first Sustainability-Linked Bond in Latin America issued by Suzano Papel in 2020 where CACIB was the lead arranger and bookrunner. CACIB acted as exclusive advisor to the Federal Republic of Germany for the structuring of its inaugural green bond program with an innovative “twin” bond system, which combines the issue a classic bond with a green bond having the same maturity and coupon. CACIB’s green loans outstanding increased from EUR7.1 billion to EUR11.1 billion over the year 2020 with an objective to reach EUR13 billion green loan portfolio by 2022. 

According to Pitchbook, Investment Bank was founded in 2004, Credit Agricole Corporate & Investment Bank is an investment banking firm headquartered in Montrouge, France. Credit Agricole CIB provides various financial advisory services corporate and investment banking, structured finance, mergers and acquisitions, equity capital markets, debt optimization and distribution, and trade and export finance to its clients. The bank supports clients in large international markets through its network with a presence in major countries in Europe, America, Asia, and the Middle East. Credit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Crédit Agricole Client -

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.

Crédit Agricole Corporate and Investment Bank
Jean-Marc PINAUD
Managing Director
+33 1 41 89 05 22
jean-marc.pinaud@ca-cib.com
12 Place des Etats Unis, 92120, Montrouge, France
https://www.ca-cib.com/

 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

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.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works