WCSS Inecobank ASLF

completed

The proposed project is a part of the IFC Armenia Short-Term Liquidity Facility (“ASLF” or “Facility”), which envisages providing short-term revolving trade financing to IFC client banks in Armenia for on-lending to local SME importers and exporters. The majority of international trade in Armenia is conducted on a cash basis (e.g. prepayments, cash/documents or cash/goods basis); and, significantly, most of the SME trade flows are intra-regional such as Russia-Armenia, Ukraine-Armenia, and Georgia-Armenia, among others. Under the Facility, IFC will provide targeted banks with one-year USD liquidity facilities renewable, at IFC’s option, up to three years in total; thereby, facilitating access to much-needed trade working capital to SMEs.