GTLP HSBC

pending

The proposed investment is a 50-50% risk-sharing facility with HSBC Bank USA N.A. (“HSBC” or the “Bank”) in a portfolio of trade-related assets for up to US$600 million with IFC investment of up to US$300 million (up to US$100 million funded and up to US$200 million unfunded) (the “Project”). The Project portfolio will be consisting of emerging market FIs across globe and will include climate eligible transactions (20% of the portfolio on a best effort basis). The Project will use the Global Trade Liquidity Program (GTLP) platform, an innovative and well-received trade finance program launched by the IFC in 2009, through which IFC will play a countercyclical role during crisis, especially at times when other lending institutions or investors’ appetite may be subdued as negative economic impact is worsening due to multiple macroeconomic factors including COVID-19 related economic downturn, supply chain disruptions and surging inflation.