CITIBANK NA RISK PARTICIPATION AGREEMENT


Overview

  • Reference: P-Z1-HAB-006
  • Approval date: 24/07/2013
  • Start date: 24/07/2014
  • Appraisal Date: 07/05/2013
  • Status: ApprovedAPVD
  • Implementing Agency: CITIBANK NA (RPA) CITIGROUP CENTRE MR WASIF RAZA, DIRECTOR, EMEA HEAD TRADE ASSE
  • Location: Africa

Description

An unfunded Risk Participation Agreement (RPA) between the African Development Bank (AfDB


Rationale

The proposed facility is expected to address a critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture, food imports, and export promotion. It will foster regional integration and enhance intra-African trade, thereby ultimately contributing to employment creation, foreign exchange earnings and public sector financing through government tax revenues.


Benefits

The facility will be used to support trade activities in underserved ADF countries, including fragile and post-conflict countries. It will enhance the capacity of local institutions to originate trade finance transactions for SMEs and small local corporates.


Key contacts

TAMBWE Mkola Saleh - OFSD4


Costs

Finance source Amount
ADBUSD 32,423,319
DeltaUSD 181
TotalUSD 32,423,500