IDA IFC EBMali

completed

_x000C_This project involves a joint IDA-IFC Risk Sharing Facility (RSF) in the local currency equivalent of $5 million ($10 million portfolio size). The RSF will apply to a portfolio of new loans to Micro, Small and Medium Enterprises (MSMEs) originated by Ecobank Mali, one of the banks selected by the Government of Mali (GoM) to benefit from this RSF program. The RSF will cover up to 50% of the credit risk of the Bank’s portfolio of new loans to MSMEs. The Bank will share all losses on a 50-50 basis with the IDA-IFC RSF.In addition to the guarantee, the project envisages two advisory services (AS) components: - AS to the commercial bank, with the objective of better servicing the MSME sector; and - AS to MSMEs, which aims to help bridge the gap between the MSMEs and the bank by providing some financial and management training to the MSMEs.