MFP-SME NTB

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   The proposed Project consists of an investment package of up to US$70 million to Nations Trust Bank Limited (“NTB” or the “Bank”) through two facilities: (1) a four-year, US dollar-denominated, amortizing, senior, unsecured loan of up to US$50 million (“IFC A Loan”) and (2) an unfunded trade facility of up to US$20 million under IFC’s Global Trade Finance Program (“GTFP”).The proceeds from the IFC A Loan will be used by NTB to on-lend to small and medium-sized enterprises (“SMEs”), including women-owned SMEs (“WSMEs”) in Sri Lanka, which remain underserved and face significant financing gaps. The proposed GTFP facility will provide critical guarantee support to a leading player in Sri Lanka’s SME and trade finance sector, focusing on export/import-oriented SMEs in key priority areas. The proposed Project will support the recovery of small businesses, which were disproportionately affected by Sri Lanka’s triple crises—namely, the Easter Bombings of 2019, the COVID-19 pandemic, and the 2022 sovereign default. As the country’s recovery strengthens, the proposed IFC investment is anticipated to enhance NTB’s ability to support economic growth and job creation.