International Finance Corporation (IFC) and Ecobank Transnational Incorporated (ETI) collaborate to support trade finance in 7 African countries with a $140M facility.
The International Finance Corporation (IFC) & Ecobank Transnational Incorporated (ETI) agree to support trade finance in 7 African countries, including Burkina Faso, Cameroon, Cote d'Ivoire, Ghana, Malawi, Mali, and Togo. IFC provides a $140M trade finance guarantee facility to ETI's subsidiaries to strengthen their trade finance operations, leverage ETI's African presence, and develop new trade partnerships. The program is part of IFC's $1B African Trade and Supply Chain Finance Program, aiming to facilitate finance access, support economic growth, and boost job creation.
May 17, 2024
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