GTLP Citi III

completed

The proposed project falls under the Global Trade Liquidity Program (“GTLP”), an innovative and well received trade finance program launched by the International Finance Corporation (“IFC”) in 2009. The GTLP provides liquidity or guarantees thereby helping banks grow their credit limits, manage risk and support trade in the emerging markets. Since its launch, the GTLP has supported more than US$36 billion in trade (one third of which in IDA markets) involving over 13,000 SMEs. The proposed project involves establishing a funded risk sharing facility (the “Facility”) with Citibank N.A. (“Citibank” or the “Bank”) for the purpose of providing short term trade financings to various emerging market issuing banks.