BOP BMI

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GTFP ATRI BMI #47111: The proposed project consists of a trade finance facility of up to US$10 million for Banque Mauritanienne de l’Investissement (“BMI” or the “Bank”) with a maturity of up to 9 months. The investment falls under the IFC’s Global Trade Finance Program (“GTFP”) and is booked under the African Trade and Supply Chain Finance Recovery Initiative (“ATRI”) umbrella (the “Project”). The investment will support BMI’s fast-growing trade business (i.e., mainly imports of strategic goods) and is timely since there has not been any GTFP partner bank in Mauritania since 2014.        BOP BMI #47226: The proposed investment to Banque Mauritanienne de l’Investissement (“BMI” or the “Bank”) consists of an up to US$20 million senior loan with a maturity of 3 years, processed under the Base of the Pyramid (“BOP”) program (the “Project”).  The Project will support the growth of the Banks’ micro, small, and medium enterprises (MSME) portfolio and will benefit from benefit from a 40% Pooled First Loss Guarantee (PFLG) from IDA-PSW Blended Finance Facility (BFF) and the Global Small and Medium Enterprise Finance Facility (GSMEF) as described in the Blended Finance Section.