Gtfp Atri Bea Tender

Project Number
50620
Company Name
Banque El Amana SA
Date SPI Disclosed
Apr 12, 2025
Country
Mauritania
Region
Africa
Projected Board Date
May 12, 2025
Environmental Category
FI-3
Status
Pending Signing
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program ( GTFP or the GTFP Facility ) of up to US$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative ( ATRI ). The purpose of the IFC trade line is to reinforce Banque El Amana’s (the Bank or BEA ) ability to support SMEs’ trade finance needs by reducing cash collateral requirements and broadening the network of correspondent banks, especially in a country where trade plays a key role in the economic