ECOBANK TRANSNATIONAL INCORPORATED TRADE FINANCE RISK PARTICIPATION AGREEMENT


Overview

  • Reference: P-Z1-HAB-010
  • Approval date: 20/02/2013
  • Start date: 20/02/2014
  • Appraisal Date: 16/08/2012
  • Status: ApprovedAPVD
  • Implementing Agency: ECOBANK TRANSNATIONAL INCORPORATED MR PAUL BRUNET TSG CLUSTER HEAD FOR INTERNATI
  • Location: Africa

Description

Trade Finance package of USD 200 million comprising an unfunded Risk Participation Agreement (RPA) of USD100 million and a funded trade facility of USD100 million which will be used for trade finance activities across ETI


Objectives

To enhance ETI


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; SMEs operating within ETI


Key contacts

TAMBWE Mkola Saleh - OFSD4


Costs

Finance source Amount
ADBUSD 66,681,781
DeltaUSD 66,681,781