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Supporting imports in Mauritania
Project
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Signature date
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Location
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Mauritania
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Financing tool
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Financing details
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USD 12m Guarantee
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Customer
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Banque pour le Commerce et l'Industrie Mauritanie
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Type of customer
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Financial institution
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Country of headquarters
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Mauritania
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Project number
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PMR1026
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Environmental and social ranking
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IF-C
This information is given at the time of signature, without prejudice to any developments in the operation/project.
The guarantee package allocated by Proparco amounts to USD 12m. It will allow BCI Mauritania to strengthen its import financing activity in Mauritania, which is essential for the functioning of the economy.
Client presentation
Founded in 1999, Banque pour le Commerce et l'Industrie (BCI) Mauritania has over the years established itself as one of the leading banks in its market. It finances the Trade Finance operations of large companies and SMEs at local level.
Project description
The Trade Finance facility, for a renewable two-year period, will allow BCI Mauritania to issue international Trade Finance instruments for an amount of up to USD 12m.