According to the IFC, the proposed investment project is with Banque Populaire de Mauritanie in a form of unfunded trade facility of up to US$10 million equivalent with a maximum tenor of 6 months.
The IFC categorized the project as FI-3.
From the IFC's website:
BPM was established in 2012 as a Sharia-compliant systemic universal bank. The Bank was established following an extension of the license of the Mauritania Leasing Company, the first company in Mauritania to offer leasing products that was created in 1998. Today, BPM is the first largest bank in Mauritania in terms of total assets and customers counts.
BPM’s majority shareholder is the Ebnou Family based in Nouakchott who holds stakes in multiple prominent businesses in the country. Other shareholders include Banque Nationale de Mauritanie.
BPM is headquartered in Nouakchott, Mauritania, with 45 branches in 18 cities: Nouakchott, Nouadhibou, Kiffa, Rosso, Boghé, Kaedi, Selibaby, Tintane, Ayoun, Zouerate, Chami, Kankossa, Bassikounou, Timbedra, Kobenni, Guerou, Atar, and Magta-Lahjar.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Financial Intermediary - Banque Populaire de Mauritanie:
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