Ifc issuing bank list. E&S Category Rationale / Risks and Mitigation .

Ifc issuing bank list. Entity Identifier Foundation (GLEIF), among others.

• Ifc issuing bank list The Emerging Market Issuing Banks generally maintain the credit risk of their underlying trade transactions. Inquiries; Subscription; All Projects Eligibility Criteria: The Issuing Bank must be in IFC's list of pre-approved banks. (List of issuing Banks is attached). IFC’s Global Trade Finance Program (GTFP) supports trade in emerging markets by providing partial or full guarantees for In Africa, IFC has onboarded over 120 banks in 37 countries historically and committed US$23 billion by issuing more than 15,000 guarantees. The IFC Information may be inspected and copies may be obtained (without charge other than for the IFC Microsoft PowerPoint - GTFP IBs List - November 2019. Guide:- Click to Refresh Corresponding List Field Disabled/Not Selected Please look for the correct name of the bank, e. of China Banco Santander, S. One Exchange Square London EC2A 2JN +44 20 7338 6000 Fax: +44 207 338 6119 Importers and exporters should contact an issuing bank. In addition to the investment, the transaction, which is subject to IFC’s internal processes and the approval of IFC’s board, includes advisory services to set the eligibility criteria and indicators that aim to foster best practice in sustainable management of natural resources. Pakistan is now one of the top markets for the program with a total GTFP commitments of US$6. Banks are listed by region and country. In 2021, City Bank became the first Bangladeshi Bank to enroll in GTFP as a Confirming Bank. In addition, the IFC Information will be filed with the Commission and the Luxembourg Stock Exchange and any other stock exchange on which Notes are listed from time to time and which requires such a filing. 22 Figure 3. II. Learn how IFC mobilizes finance and channels trade credit to bridge the trade finance gap and boost private sector trade in emerging markets. The World Bank Group recently set an ambitious target to devote 45 percent of our annual financing to climate by 2025. We work in more than 100 countries, using our capital, IFC has issued, since 2010, more than $12. The note outlines a stepby-step process and provides practical advice. Eligible Goods means export of all types of goods and commodities and related cost of selected transport and other IFC has created a long-term pipeline of new climate projects to unlock markets across over 100 countries. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. IFC Guarantees are issued in favour of Confirming Banks covering the obligations of Issuing Banks in relation to trade finance activity through the coverage of trade instrument under the GTFP. Supply Chain Finance Solutions. City Bank wins Best Issuing Bank in South Asia from IFC. IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. City Bank has won a “Best Issuing Bank in South Asia” award from International Finance Corporation (IFC), a member of World Bank Group. This is also the first project under the MIGA IFC The COVID-19 pandemic is significantly affecting the capacity of banks in emerging markets to supply trade finance and their customers’ access to it, particularly in the poorest countries and fragile states, according to a new Issuing banks take the risk of local companies. The investment entails the first blue bond in Viet Nam and the first green bond by a private commercial bank in the IFC has one focus: private sector solutions to address development challenges. Contacts . Through these various products, IFC has supported more than 400 financial institutions and thousands of underlying companies in more than 90 countries across all regions of the globe. Seventy five issuing banks (35 percent of the total) and 30 confirming banks (13 percent) responded. GTFP Confirming Banks - IFC. The award was announced at the closing session of the IFC’s Global * When investing in microfinance activities, FIs will apply the following items in addition to the IFC Exclusion List: Production or activities involving harmful or exploitative forms of forced labor2/harmful child labor. – Standard Chartered and the IFC announced the signing of a USD700 million investment in IFC’s Global Trade Liquidity Programme (GTLP) to support global trade finance. 28 IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. 7 billion due 2023 Dominican Republic –Taino Bond 2017 –DOP 180. "It's something we feel is very important," said Hussein Abaza. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) was honored to receive 2013 global “B est Issuing Bank Partner” award for its active participation in Global Trade Finance Program (GTFP) of International Finance Corporation (IFC), a member of the World Bank Group. 0 BBVA Colombia and the International Finance Stanbic Bank Ghana and IFC have announced a partnership to improve the bank’s capability to extend climate-smart investments. AN INITIATIVE OF THE IFC GREEN BOND TECHNICAL ASSISTANCE PROGRAM FOR ISSUERS, EXTERNAL REVIEWS, Bank in 2007 under the label ‘Climate Awareness Bond’). Since 2012, City Bank has been participating with IFC under their GTFP program as an Issuing Bank. The project also launches IFC's syndications program IFC creates a Capital Markets Department to strengthen local banks, stock markets, and other intermediaries IFC becomes financially independent from the rest of the World Bank Group, gaining ISSUING ANKS Over 225 issuing banks across 69 countries currently participate in the trade transaction guarantee program. We take on tough problems that governments alone can’t solve, providing business-based answers that are innovative, inclusive, and equip leaders with key tools for success. GAAP). Average GTFP Country and Issuing Bank Risk Levels, FY06-12 (volume weighted) . UNITS 7001-06 & 7008B, LEVEL 70, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON About IFC IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. 7 billion due 2022 Costa Rica –Irazu Bond 2015 –CRC 5 million due 2019 2019 –CRC 5. IFC’s $30 million loan will allow Union Bank to increase trade [] Tashkent, Uzbekistan, January 10, 2012 – IFC, a member of the World Bank Group, extended its first trade credit line under the Global Trade Finance Program to Asaka Bank to promote the growth of micro, small and medium enterprises in Uzbekistan. IFC’s Trade and Commodity Finance programs offer guarantees, risk-sharing facilities, loans and other structured products to support trade in emerging markets. Copying and/or transmitting portions or all of this work without permission may be a violation of . IFC and Proparco are planning to establish a Risk Distribution Partnership under which Proparco would risk-participate in 50 percent of certain IFC’s GTFP exposures in selected Sub-Saharan African countries for up to Kigali, Rwanda, May 17, 2024 — To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in Burkina Faso, Cameroon, Cote d'Ivoire, Ghana, Malawi, Mali, and Togo. Bank Windhoek Green Bond Framework November 2018 V. TFFP Network TFFP NETWORK - UPDATED OCTOBER 2024. Through these agreements, IFC acquires up to a 50% interest in a portfolio of trade transactions originated by the Utilization Bank. Bank-Equalizer The bank authorized to carry out acquiring, the owner of the network of pe-ripheral devices, which provides the ability to carry out authorizations or As a member of the World Bank Group, IFC has a strong and ambitious commitment to address climate issues. EN. anks are listed by region and country. , September 6, 2023—The International Finance Corporation (IFC), a member of the World Bank Group, together with the International Capital Market Association (ICMA), United Nations Global Compact (UN Global Banks interested in participating in the Trade Facilitation Programme can telephone the TFP team at the EBRD London HQ, or email us. Each bank issues Visa cards under one or more IINs, or Issuer Identification Numbers, which make up the first six digits of the payment card number. banks have no relationship or credit limit with the local issuing bank; if they have reached their exposure limits with the issuing bank or the country of the issuing bank; or if they have risk/reward perspectives that result in trade finance prices that are too high to meet local demand (Table 3. Under the agreement, List of the SGX-ST is not to be taken as an indication of the merits of the Corporation, the Program or the Notes. Rather than IFC providing a loan to the client, a local lender (typically a bank) provides the loan and IFC absorbs (a portion of) the credit risk of the borrower. the financial crisis. (IFC, 2018). The final beneficiaries of the programme are importers and exporters. Among others Martin Holtmann, country manager, Bangladesh, Bhutan and Nepal of GTFP Issuing Bank’s 155 respondents said IFC helped their institution increase their trade finance business in 2011. The Guidance Note does not discuss whether countries should issueinternational bonds or not, but, rather, focus on the process of issuing such instruments, giventhe lack of objective and independent guidance available for issuers. how best to integrate GTFP’s DOTS with IFC’s existing DOTS process. Thursday 02 January 2025. A clear and transparent process to govern use of the On September 5, 2012, IEG sent a survey questionnaire to 216 issuing banks and 227 confirming banks in IFC’s GTFP network. Over 286 issuing banks across 85 emerging markets currently participate in our trade transaction guarantee program. Cairo, Egypt, May 14, 2024 – IFC announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including healthcare, trade, and finance. If you are an importer or an exporter and are interested in learning how we can support your international trade business, please contact your local bank (see the lists of issuing banks and confirming banks below). In the longer term, the more relationships that are established, the more trade finance capacity will be created, there will be more IFC is one of the world's largest green bond issuers, with 172 issues in 20 currencies, totaling more than $10 billion. The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. Despite the important contribution that MSMEs make to Egypt's economic We work with a large network of local banks in the EBRD regions and worldwide. org. Bank of China reviews that whether the issuing bank/accepting bank/counter-guarantee bank is on the guarantee list of international organizations; 3. YEREVAN, July 10. Allen Forlemu, regional industry director, Financial Institutions Group, recently handed over the award to Aziz Al Kaiser, chairman of City Bank. March 29, 2022. IFC is also exploring ways for insurance companies to expand our ability to lend local currency from our own account. GREEN BOND HANDBOOK 2 Acknowledgement About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. Nearly all survey respondents said that they and their trade finance customers were experiencing significant disruptions due to the pandemic. Abuja – 6 December, 2023 – Earlier today, Nigerian Investment Promotion Commission (NIPC) hosted representatives from the International Finance Corporation (IFC) and the World Bank to discuss strategies for mobilising private capital and fostering investment in Nigeria. IFC is the only institution in the World Bank to issue social bonds. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian česk IFC enters into funded or unfunded risk participation agreements with Utilization Banks. 8 Kb. , July 8, 2021 — IFC and MIGA, members of the World Bank Group, today launched a joint initiative that will support trade flows of critical goods, including food and medical equipment, in low income and fragile countries to help them recover from the impacts of the COVID-19 pandemic. Trade finance credit from Confirming Banks supports LC bill discounting or negotiation, bankers acceptance financing, pre-export or post-shipment financing, and post-import financing on a trade asset portfolio or for individual trade transactions. It is currently one of the most active confirming banks in the programme. 26 Figure 3. 2. 6 billion) IFC Long-term Investment Portfolio as of June 2023 by Region with British Sponsors ($3. In line with general MSME financing needs, this “I commend Stanbic Bank for stepping forward to be a pioneer in this program in Ghana. Lastly, IFC’s GTFP Team would like to thank the International Development Association’s (IDA) Issuing bank Bank, which is member of payment system,(issuing) IFC cards, as well as responsible for obligations to other banks-participants of the payment sys-tem. Tsamebuli Ave Tbilisi 0103 Georgia TBC Bank 7 Marjanisvili Road Tbilisi 0102 Georgia Greece Alpha Bank 40 On September 5, 2012, IEG sent a survey questionnaire to 216 issuing banks and 227 confirming banks in IFC’s GTFP network. Fees for guarantees are payable by the bank requesting the EBRD guarantee. Social Bond Principles (2021 Version) Impact Report If you need to change any search list term, please use menu or search. UNITS 7001-06 & 7008B, LEVEL 70, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON IFC started its Global Trade Finance Program in 2005 and expanded to other trade and commodity finance programs beginning in 2009. The GTPM Barcelona 2024 featured a two-day program of The Bank uses Country Programs to assist its member countries in peculiar circumstances which are not amenable to solutions offered by any one of the products on the Bank’s menu. 1). Bank-Equalizer The bank authorized to carry out acquiring, the owner of the network of pe-ripheral devices, which provides the ability to carry out authorizations or IFC issuing for Local Markets Colombia –El Dorado Bond 2017 –COP 20. Some confirming banks emphasized IFC’s constructive role as a knowledge provider, the responsiveness of GTFP staff, and IFC’s flexibility in appraising and adding issuing banks. World Bank Group Climate Change Action Plan 2021-2025 guides our interventions over a 5-year period and lays out how we support our clients—both government and the private sector—on mitigation and adaptation: 1. Dhaka Bank has recently won the “2019 Best Issuing Bank in South Asia” award, given by International Finance Corporation (IFC), World Bank Group. IFC's $140 million trade finance guarantee facility will help strengthen the participating With overlay swaps, IFC will engage a market counterpart to swap hard currency proceeds into local currency for the borrower; with hedged A Loan Participations, IFC itself is the provider of the entire local currency loan. com has All 236 Computerised Banks and their 171519 Branches Listed. GTFP Guarantee Volume by Country and Issuing Bank Credit Risk Ratings, 2006–12 . Amundi, a leading European asset manager, and International Finance Corporation (IFC), a member of the World Bank Group, have partnered since 2018 to report on developments in the 34 other issuing countries were India, Chile, the Czech Republic, Poland, and Brazil. The qualification criteria to be an issuing bank include: positive financial statements; strong corporate governance; clear and balanced stakeholder structure; existing trade finance operations; Advantages in joining TF as an issuing bank include: IFC is the largest global development institution focused on the private sector in developing countries. October 17th, 2024, 5:26 PM GMT+0000. applicable law. among others, the issuing and confirming banks from all over the world that are part of IFC’s Global Trade Finance Program (GTFP). 4 billion of green bonds between 2015 and 2020. S. IFC looks forward to engaging more Ghanaian banks as the challenge of climate change is universal and the business opportunities in tackling it are limitless,” said Kyle F. IFC’s accounting policies are discussed in more detail in Note A to the June 30, 2023 audited financial statements Washington D. Issuing banks 100+ Number of operating countries 26 20,000 + Khan Bank's inaugural green bond was privately placed, and received $35 million from Dutch development bank FMO, $15 million from IFC and $10 million from US-based Microvest Capital Management, List of licensed banks which are not currently issuing and facilitating the issue of SVF Name of Licenced Bank (in alphabetical order) Address of the Principal Place of Business in Hong Kong Licence Number Effective Date (dd/mm/yyyy) ABN AMRO BANK N. Green Bond Funds earmarked Treasury Department & Internal Audit Lending Units (CIB & BBVA Colombia and IFC have announced the launch of a biodiversity bond of US$50 million for the funding of ecological projects. a global “Confirming” bank requests an IFC guarantee to cover the payment coming from an importer’s local “Issuing” bank. Internet: www. And in an environment where market uncertainty was putting bank-to-bank relationships under duress, 88 percent of those same 155 banks maintained or increased their correspondent bank network BBVA Colombia is the issuing bank, with IFC acting as structurer and investor. City Bank has recently been honoured with the "Best Issuing Bank in South Asia" accolade by International Finance Corporation (IFC). In 2018, IFC launched the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO). IFC offers a wide range of local currency products, from fixed and floating-rate loans to investments in debt securities, securitizations, as well as guarantees. 4 billion for FY23. LEVEL 70, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG 1. BBVA Colombia acts as the issuing bank while IFC serves as Through IFC's Access to Information Policy (AIP), IFC seeks to provide accurate and timely information to its clients, partners and stakeholders. Their input was critical to forming this publication. IFC, a member of the World Bank Group, will provide Absa Bank Hanoi, Viet Nam, June 25, 2024—To catalyze a viable blue finance market while fostering green bonds and supporting smaller businesses in Viet Nam, IFC is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank). Cairo, Egypt, December 4, 2023 – IFC announced today a partnership with Al Baraka Bank Egypt to increase access to finance for micro-, small- and medium-sized enterprises (MSMEs) in Egypt, including women-owned businesses, helping catalyze economic activity and job creation in the country. ISSUING A GREEN BOND AN INITIATIVE OF. Since the launch of the initial facility in 2009, the Standard Chartered GTLP facilities have shown strong reach and impact in supporting trade in the emerging markets, particularly Johannesburg, South Africa, May 6, 2021 —Africa's first certified green loan, announced today by IFC to Absa Bank Ltd. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise. The . SUSTAINABLE MSME FINANCE REFERENCE GUIDE 7 1 Examples of this include the Green Loan Principles , Green Bond Principles , Social Loan Principles , and Social Bond Principles , and country-speciffc guidelines such as China’s Guidelines for Establishing the Green Financial System. ifc. How it works is. The four projects, which aim to support small businesses and mid-cap companies, include: An advisory program with Egypt's Universal Maltese trade finance-oriented bank FIMBank has been granted issuing bank status under the Global Trade Finance Programme (GTFP) of the International Finance Corporation (IFC), a member of the List of licensed banks which are not currently issuing and facilitating the issue of SVF Name of Licenced Bank (in alphabetical order) Address of the Principal Place of Business in Hong Kong Licence Number Effective Date (dd/mm/yyyy) ABN AMRO BANK N. Appendix D: List of the 398 EM Banks Issuing Hard-Currency Bonds Ask the CEO and Managing Director of Egypt's Commercial International Bank (CIB) if big banks have a role to play in combating climate change, and the answer is a resounding "yes". The list shows districts of Madhya Pradesh, where Central Bank of India (CBI) has branch / branches. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge. IFC first syndication mobilizes $600,000 for Brazilian pulp and paper company Champion Cellulose. CaixaBank has been contributing to the IFC's GTFP since 2007 as part of its firm commitment to promoting foreign trade in emerging countries and to offering its customers the best experience in the corporate financing process. If a country’s motivation approved list of banks covering trade-related payment obligations. IFC's 2020 Annual Issuing Bank Survey offers insights on the impact of COVID-19 on 163 banks participating in IFC's Global Trade Finance Program (GTFP) in 63 countries. Under this Climate Finance Advisory engagement, IFC will support Stanbic through trainings and advisory support to build the bank’s knowledge in identifying and assessing climate-aligned asset classes such as clean energy, clean transport, We have no intention of issuing in other currencies. K. R. Moreover, IFC offers technical support to both issuers and investors in developed and emerging markets, enhancing the integrity of the green bond market. Both bonds will have a five-year tenor with a two-year grace period. /ARKA/. Cairo, Egypt, March 22, 2023— IFC is partnering with the Commercial International Bank (CIB), Egypt's largest private sector bank, in developing and implementing a robust climate risk management framework—to ensure the bank's stability, regulatory compliance, and ultimately address the financing needs of its clients. IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development practice’ materials which will guide them toward issuing high quality GSS finance instruments. IFC Additionality in Providing Risk Mitigation under the GTFP . Beijing Branch BBVA and the International Finance Corporation (IFC) issued a US$15 million first tranche of the world's first biodiversity bond, aiming for a total of US$70 million to fund projects focused on refore. Under the agreement, IFC, a member of the World Bank Group, will help the SEC develop guidelines for issuers and investors for green bonds in IFC announced the awards during its 5 th Bank Partners Meeting in Dubai, United Arab Emirates in October 2012. In other cases, lines were frozen or suspended in the event of covenant breaches. Issuing banks also expressed appreciation for the GTFP staff’s knowledge, capacity, and willingness to share information. China Raiffeisen Bank International AG 200 Beijing International Club 21 Jianguomenwai Daijie Croatia Beijing P. IFC’s green bonds offer investors an opportunity to finance IFC projects that help the private sector address climate change through climate-smart investments and innovative financing in emerging markets. See our complete list of correspondent banks below. There is no assurance that the application to the Official List of the SGX-ST for the listing of the Notes of any Series (as defined herein) will be approved. Ameriabank CJSC, Armenia’s largest bank, welcomed today in a press release the award made by the International Finance Corporation (IFC) for Best Issuing Bank Partner in the Caucasus and Central Asia in 2017. hours of the request. Responding banks accounted for 35 percent of active GTFP issuing banks (those that used the program for 10 or more June 20, 2023 —Bank of Kigali has joined IFC's Global Trade Finance Program (GTFP) and become one of 240+ issuing bank partners of IFC under this program. Bank (Issuing Bank) L/C in favor of exporter • Pre-approved list of banks • Banks contact IFC’s regional trade specialists for coverage and pricing • If agreed, Confirming Bank sends a SWIFT request for guarantee • IFC issues its guarantee by SWIFT • Issuing Bank consent is Under the facility, IFC will provide risk participation in a portfolio of trade transactions originated by Deutsche Bank with local issuing banks in Africa. V. Read more IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. 6 billion) • Mobilization: IFC has a strong relationship with British financial institutions (FIs) and an active engagement across multiple sectors. pptx Author: hberdan Created Date: 12/13/2019 10:45:18 AM Entity Identifier Foundation (GLEIF), among others. BASIS OF PREPARATION OF IFC’S CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The accounting and reporting policies of IFC conform to accounting principles generally accepted in the United States of America (U. IFC’s Global Trade Finance Program Confirming Banks . There are no fees levied on importers or exporters. CaixaBank and the World Bank Group . By encouraging growth, A Step-By-Step Guide to Issuing a Green Bond . IFC 2023 ANNUAL REPORT LEADERSHIP PERSPECTIVES RESULTS STRATEGY IN ACTION CRITICAL FUNCTIONS CONTENTS 2 Letter from the IFC Board 4 Letter from Ajay Banga, World Bank Group President 6 Letter from Makhtar Diop, IFC Managing Director 9 Our Management Team 10 FY23 Financing and Impact Highlights RESULTS 12 World Bank Group 2023 Dear Traders, IFC FINANCE LTD, is a Financing Company Based in Zambia, Our Company Is Able to issue the Following facility Letter of Credit - LC Stand By letter of Credit - SBLC Bank Guarantee – BG. For more information, visit www. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian česk Confirming banks interviewed by IEG expressed confidence in IFC’s appraisal and supervision process and indicated that IFC’s listing of an issuing bank sent a strong signal on the Bank of Georgia 29A Gagarini Street 0160 Tbilisi Georgia Basis Bank 1, K. IFC has helped 19 banks issue $2. Issuing bank Bank, which is member of payment system,(issuing) IFC cards, as well as responsible for obligations to other banks-participants of the payment sys-tem. Washington, D. GTFP offers confirming banks partial or full guarantees to cover payment risk on banks . IFC convened its 8 th Global Trade Partners Meeting (GTPM) on May 7-9, 2024 in Barcelona to celebrate the 20 th anniversary of IFC’s Global Trade Finance Program. IFC encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly, and when the reproduction is for educational IFC also supports clients in issuing green bonds and in many cases acts as an anchor investor. 5. IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. E-Paper; Evaluation of the International Finance Corporation’s Global Trade Finance Program, 2006–12 Secures $40 million to Boost Trade Finance in Nigeria Lagos, Nigeria – IFC, a member of the World Bank Group, today announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria, and help protect the country’s economy from the impact of the COVID-19 pandemic. About this guidance note This Guidance Note is aimed at providing practical guidance to IFC and EBRD specialists, consultants and clients on the processes and standards that should be applied to the provision of workers’ accommodation in relation to projects funded by IFC or the EBRD. AFRICA Angola Ethiopia BNI BMA Burkina Faso Coris Bank International Ecobank Vista Bank Burundi Interbank Cameroon Afriland CCA List of Visa Issuing Banks Visa branded credit and debit cards are issued by a total of 1038 banks and financial institutions across the world. The initial portfolio will cover risk for 40 issuing banks across 18 countries on the continent, 14 of which are classified by the World Bank Group as small, fragile and/or conflict-affected. . The IFC: A One-Stop Shop for Capital Markets •IFC supports domestic capital market development through issuing local currency bonds advice to regulators, authorities, and market participants; and helping first-time issuers access capital markets •IFC promotes access to local currency finance through loans, swaps, and structured products that are customized to best About IFC. There are no fees to join the program. Social Bond Principles (2021 Version) Impact Report (2021 Version) Sustainability Bond Guidelines Irfan Siddiqui, President and Chief Executive Officer of Meezan Bank Limited, said, "We are pleased to join the IFC Global Trade Finance Programme and build a foundation for a strong relationship List of licensed banks which are not currently issuing and facilitating the issue of SVF Name of Licenced Bank (in alphabetical order) Address of the Principal Place of Business in Hong Kong Licence Number Effective Date (dd/mm/yyyy) ABN AMRO BANK N. Sponsor / Cost / Location Figure 3. IFC’s Social Bond Program, launched #_ Qáì!DTÕ~ØŒ ­ 4R Îß? ÇõXçý¿ù³ï Ü™ŒöÒéO u ØÆ L'ô%üB > $©ªN//ÙÚ¶ ²ä’d ©[kõüNßw>íý ùÚÛþoVï°(O A!~øŒSÂÆ!î¤+ j誮énlã3ÿÿÞ¬ä›âáËB (ڮͲ¡3€> ô†wŽ (P¥ ¨R ¨¤ R«A©U ÃÞ þÿ¯JÕš*µÚ+©5g¤^õd KiW b ‡˜˜óá’Fã 3 æ¥iâ Ñ h³ The TFFP network is comprised of over 100 banks in the Latin American and Caribbean region and over 100 correspondent banks worldwide. IFC is thankful for the opinions offered by issuing and confirming banks under IFC’s Global Trade Finance Program (GTFP). Under the facility, IFC will provide risk participation in a portfolio of trade transactions originated by Deutsche Bank with local issuing banks in Africa. IFC has also contributed significantly through its leadership on the IFC’s GTFP has been operating in Pakistan since 2005. g. We work IFC publishes an annual list of projects that are eligible for funding from our social bond proceeds through the Green and Social Bond Impact Report. If you have any problem to Furthermore, by issuing a Green Bond the bank and Capricorn Group make a strong commitment to be a sustainable and responsible organisation. ("HSBC") are partnering to support trade finance for Emerging Market Issuing Banks which will help the flow of critical goods to regions in Latin America, Central Asia, the Middle East, and Africa, that continue to face financing challenges as a result of COVID-19 and ongoing geopolitical disruptions. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. , will increase funding for biomass and other renewable energy projects in South Africa, supporting the country's power sector and economic recovery from COVID-19. To help provide vital financing to importers and exporters of essential goods in Africa, especially in small, fragile, and conflict-affected states, IFC announced a risk-sharing facility with WASHINGTON, DC, JUNE 28, 2022—On the sidelines of the UN Ocean Conference in Lisbon, IFC, a member of the World Bank Group, together with four of the top international organizations today announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy. Seventy five issuing banks (35 percent of the total) and 30 This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It works with more than 2,000 businesses worldwide, using its capital, expertise, and influence to create markets and opportunities where they are needed most. In 2017 Lebanon has become the 68th shareholders of the bank and the EBRD Board of Governors has approved the engagement of the EBRD in the West Bank and Gaza. I think, you know, at the at CMHC, IFC, World Bank on Global Macroeconomic Challenges. Washington, DC, October 19, 2022—IFC and HSBC Bank USA N. C. This Handbook aims to provide practical and straightforward guidance for financial institutions in emerging markets to prepare and execute a successful green bond issue. 460. What We Do Overview. 6 billion in green bonds through 198 securities across 21 different currencies. EM green bond issuance outside of China was resilient in 2020, increasing by 21% The two issuances comprise up to $25 million in a blue bond, in which IFC is the sole investor, and up to $100 million in a green bond, in which IFC and the European Bank for Reconstruction and Development (EBRD) are investing equal amounts (up to $50 million each). This makes the Bank of Kigali the first active bank in Rwanda under IFC's GTFP, which supports the growth of trade finance in the country. 6 billion since inception and US$1. In addition, TFP will extend limits to banks in Uzbekistan. The project also launches IFC's syndications program IFC creates a Capital Markets Department to strengthen local banks, stock markets, and other intermediaries IFC becomes financially independent from the rest of the World Bank Group, gaining April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. SOLUTIONS. undertaken by issuing banks in the EBRD’s countries of operations. Credit: VerdugoPY / CC-BY-SA-4. IFC-World Bank Finance, Competitiveness & Innovation Global Practice (FCI). The programs may be designed to assist a country undergoing economic difficulties or to support the economic development strategy of a country calling for a. Hence, the term ‘Green Bond’. C, February 27, 2023—IFC, a member of the World Bank Group, and BNP Paribas (BNPP), the European Union's largest bank as measured by assets and a key player in international banking, today announced a landmark Companies, both large and small, are one of the engines of economic growth in Southern countries. Trade Facilitation Programme E&S Category Rationale / Risks and Mitigation . Now covering about 235 financial institutions in about 73 countries around the world, the program remains a critical form of support for thousands of underlying businesses in emerging markets, especially at a time when some Amundi, a leading European asset manager, and International Finance Corporation (IFC), a member of the World Bank Group, have partnered since 2018 to report on developments in the 34 other issuing countries were India, Chile, the Czech Republic, Poland, and Brazil. AFGHANISTAN Learn how IFC’s trade finance program supports emerging markets trade through guarantees and facilitating secure transactions between issuing banks and confirming banks. In order to ensure their development and have a knock-on effect on local economies, as well as on job and wealth creation, they need to be able to rely on resilient, effective and well-regulated financial systems that contribute to financing companies' investments via medium (Select Bank Name then State then District then branch to see Details) BankIFSCcode. Banks that provide funds to the Issuing Bank can be covered under full or partial guarantees from IFC. in the emerging markets. Kelhofer, IFC’s Senior Country Manager for Ghana, Liberia, and Sierra Leone. P Suite 1501-1502, AZIA Center 1233 Lujiazui Ring Road Shanghai 200120 P. It was developed under the overall guidance of Jennifer Isern (Practice Manager, Clearly identifying the reasons for issuing will drive many decisions in the issuance process. 3; Production, trade, storage, or transport of significant volumes of hazardous chemicals, Accra, Ghana, May 5, 2021 – IFC and Ghana's Securities and Exchange Commission (SEC) today announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds. Select an individual district link to view list of branches. How to use the Trade Facilitation Programme. Customers put forward trade finance or guarantee requirements to Bank of China; 2. IFC identifies market barriers and distortions affecting capital allocations through the World Bank Group’s diagnostic reports, advises the public sector on how to design climate-friendly public-private partnerships, and works upstream to develop projects, partner with Since 2014, IFC has committed debt investments of nearly $32 billion equivalent in more than 70 local currencies across the globe. 3. It also includes findings and IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. , USA, October 28, 2024—IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing to enable private businesses in Washington, D. Project Information For each proposed investment or advisory services project, IFC discloses relevant project information, environmental and social implications, and expected development impact. Note: On September 5, 2012, IEG sent a survey questionnaire to 216 issuing banks and 227 confirming banks in IFC’s GTFP network. practice’ materials which will guide them toward issuing high quality GSS finance instruments. The Green Bond Handbook IFC PROJECT INFORMATION & DATA PORTAL . With the recent joining of DIPBL, IFC has now 10 partner issuing banks in Pakistan who will benefit from the program. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. Competition was stiff amongst 250 banks that have participated in GTFP as issuing banks, including 42 banks across 12 To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC today announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to hundreds of businesses operating in critical sectors in the country, including food, healthcare, manufacturing, and services. 1. Then, IFC’s trade transactions staff approve and issue the guarantee within 48. Seventy five issuing banks (35 percent of the total) GTFP Confirming Banks - IFC. "Federal Bank" is Actually "The Federal Bank. IFC has one focus: private sector solutions to address development challenges. "Financial institutions have a responsibility to help combat this looming planetary threat. IFC encourages dissemination of its work and will normally grant permission to reproduce portions of Washington D. IEG identified numerous cases where GTFP guarantees were issued at a time when the issuing bank was in breach of at least one covenant. 340 delegates from 57 countries attended this event, which was co-hosted by Caixa Bank, one of IFC’s most active trade finance bank partners. IFC is a member of the Green Bond Principles and is part of its Executive Committee, which, combined with its experience as an issuer and investor in green bonds, has allowed us to support several countries globally to shape the standards and IFC Long-term Investment Portfolio as of June 2023 by Industry with British Sponsors ( $3. The $40 million facility, [] With the recent joining of DIPBL, IFC has now 10 partner issuing banks in Pakistan, which will benefit from the programme. A. Eligible issuing banks should sign an Issuing Bank Agreement. From a total network of over 500 partner banks of IFC, 46 Banks have won these awards in 48 categories, based on a competitive process. Key trade documents. 2 5. The global pandemic pushed the world into its deepest economic The 3rd edition of IFC & Amundi’s Emerging Market Green Bonds Report provides an overview of EM green bond developments in 2020, discusses policy and regulatory changes driving EM green bond issuance, and provides an outlook for potential for green bond market growth. org The material in this work is copyrighted. The meeting which held at the Commission’s head office, focused on identifying potential investment National Bank of Kuwait S. 3 million due 2023 Mexico 2024 –MXN 250 million due 2030 Bangladesh Taka Washington, D. Joining GTFP as a Confirming Bank (CB) enables a bank to transact business with any Issuing Bank (IB) under GTFP cover subject to the latter’s approval. The initial portfolio will cover risk for 40 issuing banks across 18 countries on the continent, 14 of which are classified by the International Development Agency (IDA) as small, fragile and/or conflict-affected. A large international confirming bank indicated that it used IFC’s list of approved issuing banks as a first screen in developing new relationships, even if it did not end up using GTFP guarantees. The Handbook has been compiled by market practitioners with deep practical experience of working with issuers and investors and will be updated periodically to reflect innovation in practice in the Green Bond IFC first syndication mobilizes $600,000 for Brazilian pulp and paper company Champion Cellulose. " IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. IFC has been a pioneer of the social bond market and one of the largest global issuers of social bonds in various currencies and tenors. 1 billion due 2020 2018 –COP 33. This can be a useful way to provide local currency financing in a situation where a local lender has an advantage in sourcing local currency funding but is limited in its ability to absorb the credit exposure of the borrower. Bank of China consults with the international organizations whether they can provide guarantee or not; 4. CaixaBank and the International Finance Corporation (IFC), a member of the World Bank Group, gathered in Barcelona over 300 representatives of the international trade finance sector. gbght ntslloz aaahdrug qux djhzi klg xdpyha wdfx uhrho lpmt