Project Details
ID: P-Z1-HAA-086 Name: AFREXIMBANK RISK PARTICIPATION AGREEMENT II 2016 Status: Approved Country: Multinational
Sector: Finance Approval date: 29-Mar-2017 Task Manager: BA Mohamadou, PIFD3
Total cost: 107461500
Currency: UAC
Source(s) of financing
AfDB: 107494517.8
Implementing Agency: African Export-Import Bank Location: Egypt

Project Summary Note - African Export-Import Bank (Afreximbank) - Trade Finance Package

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 29, 2017 a USD 450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year USD 150 million unfunded Risk Participation Agreement (guarantees) and a 4-year USD 300 million Trade Finance Line of Credit. This composite facility will help to expand Afreximbank’s risk bearing capacity for the confirmation of letters of credit and to support more trade through the provision of increased liquidity to local financial institutions and corporates in Africa.