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This initiative is part of the Alliance for Entrepreneurship in Africa, under which Proparco and IFC have joined forces to provide a concrete response to the food security challenges in Africa (thus contributing to the achievement of SDG 2 “Zero hunger”). At the same time, it will support the development of African SMEs, which are a major vehicle for economic growth and job creation.
Client presentation
Project description

The International Finance Corporation (IFC) and Proparco have signed a risk-sharing agreement covering a package of Trade Finance operations worth a joint USD 200m. As part of this deal, Proparco will provide up to 50% (USD 100m) for some of the exposures of IFC’s Trade Finance Guarantee Program (TFGP) in Africa. The first phase of this operation aims to strengthen food security in several African countries. In a second phase, Proparco and IFC will step up their joint action in other African regions. 
The partnership also includes a training component designed specifically for SMEs to increase their proficiency in the use of the Trade Finance tools essential to the secure development of their import/export activities. A second component will help consolidate banks’ practices in the fight against money laundering and terrorist financing, a key issue for IFC and Proparco.

Project impact
Download the project sheet

This information is given at the time of signature, without prejudice to any developments in the operation/project 
12/14/2023
Date of signature of the project
Agriculture and agro-industry
Sectors
Nigeria Madagascar Multi-country Africa
Location
Guarantee
Financing tool
92 330 000 Euros
Amount of funding
USD 100,000,000.00 guarantee
Financing details
International Finance Corporation
Client
United States of America
Head office country
PZZ1707
Project number
CES