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WCSS BRAC II

Sector: Warehouse • Location: Bangladesh

Source: International Finance Corporation (IFC)

Project
Completed

The Project consists of providing a 1 year short-term loan for the amount of up to US$40 million (for 12 months, renewable up to two times at IFC’s option for an additional 24 months, for a maximum aggregate period of up to 36 months) to BRAC Bank Limited (the “Bank” or “BRAC Bank”) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank an

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The project “WCSS BRAC II” is an infrastructure initiative in the Warehouse sector, located in Bangladesh. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Email

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Description

Description

The Project consists of providing a 1 year short-term loan for the amount of up to US$40 million (for 12 months, renewable up to two times at IFC’s option for an additional 24 months, for a maximum aggregate period of up to 36 months) to BRAC Bank Limited (the “Bank” or “BRAC Bank”) to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation. BRAC Bank was established in 2001 and has assets of US$2.38 billion as of 31st December 2013.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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