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Multinational - First Line of Credit to Eastern and Southern African Trade and Development Bank (PTA Bank) - PPER
The Eastern and Southern African Trade and Development Bank, commonly known as PTA Bank, was established in 1985 and mandated to facilitate the complementary development of the PTA member states, which was latter transformed into the Common Market for Eastern and Southern Africa (COMESA) member states. PTA Bank’s shareholders comprise 17 African states, one non-regional sovereign state and one institutional shareholder.1 PTA Bank is the largest sub-regional organization in Africa covering virtually all countries in Eastern and Southern Africa. Its objective is to provide project and trade finance to the private sector in the sub-region.