GTLP Standard Bank of South Africa Limited

completed

The project is for IFC and funding partners (development finance institutions and international financial institutions) to provide trade financing of up to US$200 million to Standard Bank of South Africa Limited (“SBSA”) headquartered in South Africa, as part of IFC’s Global Trade Liquidity Program (“GTLP”).GTLP is part of IFC’s multi-faceted global financial crisis response. It is a funded trade finance program of up to $8 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of funded trade financing to under-served clients globally. The proposed total IFC investment would be up to $2 billion, which will be match-funded with resources from other development finance institutions (DFIs) and international financial institutions (IFIs) as well as several international banks with an established footprint in emerging markets trade finance.