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Proparco and Ecobank Liberia have signed a USD 10M Trade Finance guarantee

Proparco liberia ecobank trade finance
After a pilot Trade Finance project launched in 2017 with Ecobank Group subsidiaries in Mali, Burkina Faso, Guinea and Côte d'Ivoire (and their French subsidiary as confirming bank), PROPARCO has just signed a USD 10M Trade Finance Guarantee Programme with Ecobank Liberia Limited (ELR). The event was held in the presence of Jean-Yves Le Drian, Minister of Europe and Foreign Affairs of France, Dee-Maxwell Saah Kemayah Sr, Minister of Foreign Affairs of Liberia, Michaël Roux, Ambassador of France to Liberia and Christophe Cottet, AFD’s Country Director for Ghana and Liberia.
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Côte d'Ivoire: PROPARCO is strengthening its partnership with ADVANS-CI, ECOBANK-CI and SIB to support Ivorian companies affected by the crisis

During the visit to Côte d’Ivoire by Mr. Franck Riester, the French Minister Delegate for Foreign Trade and Economic Attractiveness, PROPARCO and the financial institutions ADVANS-CI, ECOBANK-CI and Société Ivoirienne de Banque (SIB) today signed new MoUs to support Ivorian companies affected by the crisis. These partnerships will allow the deployment of the Choose Africa Resilience guarantee set up in response to the crisis.
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Proparco subscribes to a social and green bond issued by Symbiotics

symbiotcs green bonds armenia ararat bank
Proparco has just made a USD 5m subscription to a social and green bond issued by Symbiotics for a total amount of USD 14.5m. The proceeds from the bond will be onlent to the Armenian bank Araratbank with the objective of financing SMEs, microenterprises and green projects. The issue took place via the innovative MSME Bonds SA platform.
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Proparco and the NSIA Group support Ivorian MSMEs affected by the covid-19 crisis

Signature NSIA Côte d'Ivoire 2021
On the occasion of the visit of the French Minister of Economy and Finance, Mr. Bruno Le Maire, Proparco and the NSIA Group have signed a new partnership to finance Ivorian companies. The Choose Africa Resilience portfolio guarantee granted by Proparco will cover XOF 2,500,000,000 (€3.75M) of loans granted by NSIA BANQUE to entrepreneurs.
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