ATRI SCB SCF

pending

 The proposed investment is an unfunded risk-sharing facility with Standard Chartered Bank (“SCB”) in a portfolio of supply chain finance-related assets in up to eight countries in Africa for up to US$300 million with IFC investment of up to US$150 million (the “Project”).The Project falls under the Global Supply Chain Finance (GSCF) Program, a supply chain finance program launched by the International Finance Corporation (IFC) in December 2022. The GSCF supports trade in the emerging markets by providing funded or unfunded risk participation in partner banks’ facilities.IFC will risk participate of up to 50% of eligible assets in the facility (up to $150 million for IFC’s own account) and will mobilize SCB for the balance. This Facility aims to support more than 300 suppliers in both domestic and global value chains and over the time period indirectly support over a million farmers in the target countries The eligible Trade assets will be across corporate clients in Africa. The project is expected to be supported by the IDA Private Sector Window’s Blended Finance Facility (“IDA PSW-BFF”).