MFP-SME BRAC Bank

pending

The proposed investment is a USD denominated senior, unsecured Working Capital Solutions (WCS) loan of up to US$50 million on IFC’s own account to BRAC Bank PLC (“BRAC Bank” or “the Bank”) in Bangladesh. The Project is structured as a one-year facility, renewable twice for an additional one year each time, resulting in a maximum aggregate tenor of three years. The proceeds of the investment is targeted to expand BRAC Bank’s lending program to micro, small and medium enterprises (MSME). Within MSMEs, at least 50% of the proceeds will be earmarked to support the women-owned MSMEs, and at least 25% of the proceeds will be earmarked to support agricultural micro, small, and medium enterprises (Agri MSMEs).The Project is being processed under the SME Envelope of IFC's MSME Finance Platform (MFP) enabling the Project to benefit from the MFP's streamlined procedure with Delegated Authority.