Vodafone GTSF

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 This project is proposed under IFC’s Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Project #28723).  On December 15, 2022, IFC Board approved increase of the Global Trade Supplier Finance Program (GTSF) limit from US$500 million to US$1 billion (Project #44970). Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to companies (“Buyers”) on open account terms. Under this project, IFC will establish a supply chain finance facility line, that will utilize sustainability-linked pricing, for emerging market-based device and network equipment suppliers of Vodafone Procurement Company S.A.R.L (“VPC” or “the Company”). IFC’s funding would focus on encouraging suppliers to adopt higher sustainable practices and drive device affordability in Vodafone’s emerging market presence in the Africa and Central Eastern European region. VPC leads purchasing and supplier management for Vodafone Group Plc (“Vodafone”) as a whole. Based in Luxembourg, VPC manages most of Vodafone’s spending with suppliers worldwide.