GSCF SCB Global

pending

 The proposed project is an unfunded risk-sharing facility with Standard Chartered Bank (“SCB”) in a portfolio of supply chain finance-related assets for up to US$500 million with IFC participation of up to US$250 million (the “Project”). The Project falls under the Global Supply Chain Finance (GSCF) Program, launched by the International Finance Corporation (IFC) in December 2022. GSCF supports trade in the emerging markets by providing funded or unfunded risk participation in partner banks’ facilities. IFC risk participation is up to 50% of eligible assets in the facility (up to $250 million for IFC’s own account) and will mobilize SCB for the balance. This Facility aims to further improve access to Supply Chain Finance (SCF) in Emerging Markets (EM)s, including providing pre-shipment finance, bringing working capital benefits to local suppliers.