BBI IDA RSF

completed

 The proposed project, BBI IDA RSF is a funded and unfunded 50%-50% risk sharing facility with BMCE Bank International Plc (“BBI” or the “Bank”), a subsidiary of Bank of Africa (formerly BMCE Bank), on a portfolio of trade-related assets for up to US$150 million (the “Project”). The Project will provide BBI with funding and risk mitigation to finance importers and exporters of essential goods in emerging markets in Africa. IFC’s investment will also help BBI augment its trade finance delivery in certain key markets of its corporate strategy. The facility will initially have an availability period of 3 years with a run-off period of up to 6 months, while the underlying trade assets will have a maximum tenor of up to 12 months. The project includes support from the International Development Association’s Private Sector Window Blended Finance Facility (IDA PSW BFF) as described below.