Promotional loan to PTA-Bank II

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With the USD 100 million development loan, PTA Bank will provide companies in the East and South African COMESA states (Common Market for Eastern and Southern Africa) with urgently needed capital for infrastructure projects. These include projects in the areas of road construction, energy and water supply, and information technology. The expansion of infrastructure remains one of the main challenges facing the African continent. Only half of the roads on the continent are paved, and many of the rest are impassable during the rainy season. This leads to high transport costs and isolates the landlocked countries in particular from world trade. Due to the poorly developed financial systems in this region, PTA Bank, as a regionally anchored development bank, plays an important role in refinancing the local economy. The project will create the conditions for economic growth and employment and thus long-term poverty reduction.