ECOBANK TRADE FINANCE LINE OF CREDIT
- Reference: P-Z1-HAB-007
- Approval date: 20/02/2013
- Start date: 08/09/2014
- Appraisal Date: 16/08/2012
- Status: OngoingOnGo
- Implementing Agency: ECOBANK TRANSNATIONAL INC.
- Location: Africa
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
The objective of the Trade Finance total package of USD200 million is to contribute towards reducing Africa
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.
The facility will be used to support trade activities in underserved ADF countries, including fragile and post-conflict countries; SMEs operating within ETI
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