According to bank documents, the investment involves a Trade Finance Line of Credit (TFLOC) of USD 10 million to help the Bank for Trade and Industry (BCI) Mauritania, to support its' trade finance activities. This request comes sequel to the satisfactory performance and full repayment, of an earlier Line of Credit of USD 8 million granted by AfDB to BCI in July 2008.
Total cost: 7107900
Source(s) of financing
Task Manager: DIGUIMBAYE-BLAH Oura Rosine Felicite, PIFD0
Implementing Agency: BANQUE POUR LE COMMERCE ET L'INDUSTRIE (BCI)
ACCOUNTABILITY MECHANISM OF AfDB
The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing email@example.com, firstname.lastname@example.org, email@example.com, and/or firstname.lastname@example.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.