TECF Citi
Sector: Warehouse • Location: World Region
Source: International Finance Corporation (IFC)
The proposed investment is the first Trade Enabled Climate Finance (“TECF”) investment structured as a 50:50 unfunded risk-sharing facility with Citibank, N.A. (“Citi”) for corporate and commercial banking trade finance transactions. TECF investment will cover up to $2 billion Trade Loans originated by Citi in Emerging Markets (“EMs”) - with IFC investment of up to US$1 billion (“the Project”). Th
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Participants
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Company | Obfuscated Data |
Status
Original status | pending |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The proposed investment is the first Trade Enabled Climate Finance (“TECF”) investment structured as a 50:50 unfunded risk-sharing facility with Citibank, N.A. (“Citi”) for corporate and commercial banking trade finance transactions. TECF investment will cover up to $2 billion Trade Loans originated by Citi in Emerging Markets (“EMs”) - with IFC investment of up to US$1 billion (“the Project”). The Project has the express goal of facilitating a minimum of $500 million of climate finance, and an additional $50 million of social finance for women-owned SMEs by Citi over a 3-year period.The TECF is an innovative structure which is designed to enable IFC to increase the share of climate and social financing in the trade finance asset class. Leveraging IFC’s short term finance products to increase climate-related lending is particularly important now in view of the increasing value proposition and impact these products have demonstrated. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
Region | Obfuscated |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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