📋 Tender Overview
Identification Code:
OP/11/0831
Total Operation Cost:
0
Maturity:
12 months
Operation Status:
BSTDB Approved Amount
5.000.000 USD
2.000.000 USD
Approval Date
10 Feb 2012
18 Sep 2025
BSTDB Signed Amount
5.000.000 USD
Signed Date
02 Apr 2012
Status:
Active
Description and Purpose of the Operation:
Short Term Trade Finance Facility
Countries of Operation:
Georgia (100,00 %)
Financial Product:
Trade Finance
Sector:
Financial Institutions
Domain:
Private
Borrower/Client:
KOR Standard Bank
Co-Financiers/Participants:
Guarantors/Sponsors:
Developmental and Regional Cooperation Impact:
The Project is expected to have favorable economic benefits for the Georgian economy, the most relevant being additional tax revenue gains from increased economic activity from the incremental amount inflows. In addition, the amount provided will help further enhance benefits such as increase in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy.
Environmental Classification and Impact (summary):
In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities KOR Standard Bank shall follow the BSTDB's Negative List of Products and local EH&S legislation, as well as make sure that the Beneficiaries fully comply with these requirements. KOR Standard Bank shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.
Operation Leader:
Financial Institutions I
E-mail:
fi1@bstdb.org
