david fulton

Trade and Investment Toolsfrom the World Bank/IFCDavid FultonDirector of Business LiaisonOffice of the U.S. Executive DirectorWorld Bank Group

World Bank/IFC Global Trade Finance Program

letters of credit

trade-related promissory notes and bills of exchange

bid and performance bonds

advance payment guarantees

suppliers credits for the import of capital goods

GTFP provides confirming banks a guarantee to cover payment risk on banks in the emerging markets. These guarantees are transaction-specific and apply to:


Bank of America

Bank of New York

Citi

Cobank

Fifth Third Bank

JP Morgan

PNC Bank

US Bank

Wells Fargo

There are hundreds of banks in the GTFP program, including many in the United States. The program helps provide risk coverage for transactions in challenging markets.


Computers

Cotton

HVAC

Guitars

Handbags

Trucks

Food products

Fertilizer

Since 2005, GTFP has provided $504 million in guarantees for 328 export transactions from the U.S.

• Average transaction:$1.5 million

• Median transaction:$298,000

• Smallest transaction:$1,307

• Largest transaction:$60 million


LC issued by a Bangladeshi Bank Confirmed by a US Bank Tenor: 8 months Value: $1.4M IFC Covers 64%

USABangladesh

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•LC issued by a Nigerian Bank

•Confirmed by a US Bank

•Tenor: 7 months

•Value: $10M

•IFC Covers 33%

USANigeria

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World Bank/IFC Investment Finance

IFC provides a broad range of products to promote private sector engagement and entrepreneurship in developing markets.


SeniorDebt

Global TradeFinance Program

StructuredFinance

MezzanineFinance

PrivateEquity

• On-lending

• Liquidity management

• Acquisition financing

• Warehousing facilities

• Syndicated loans

• Partial credit guarantees

• Securitization

• Bond underwriting

• Local Currency financing

• Convertible debt

• Subordinated debt

• Other Tier II instruments

• Common shares

• Preferred shares

• $5 billion program

• Guarantees to issuing banks

• 174 issuing banks in 77 countries

• 186 confirming banks in 83 countries

• $579 million of issued guarantees in first 12 months

AdvisoryServices

• Corporate governance

• Risk management

• Small and medium business banking

• Housing finance

• Energy efficiency finance

SustainableFinance

• Carbon finance

• Renewable energy

• Supply chain financing

• Corporate governance financing


Shoprite Holdings Ltd. (“Shoprite” or “the Company”) is a food retail sector leader in the Republic of South Africa. Shoprite is implementing a program to finance and expand its operations in the Republic of Angola (the “Project”). The Project includes the construction of modern retail stores in Angola, as well as the financing of the refurbishment and expansion of the Company’s existing retail facilities in that country.


IFC is considering an equity investment in Viet Phu Payment Corporation (“Mobivi”) up to $2 million in preferred shares to support the Company to expand its services within Vietnam. The Company provides e-payment platform and network for real-time transactions on any online and mobile platforms, targeting both corporate and retail users


Phoenix Petroleum Philippines Inc. is engaged in the business of wholesale and retail trading of refined petroleum products, lubricants and other chemical products, and the operation of oil depots and storage facilities mainly in southern Philippines. IFC is considering financing up to $10 million to fund the Company’s corporate investment program to expand its distribution and retail service station networks.

David FultonAdvisor & Director of Business LiaisonOffice of the U.S. Executive DirectorWorld Bank [email protected]

david fulton

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