The proposed project involves establishing an unfunded short term trade finance facility with Global IME Bank Limited (GIBL or the Bank) in Nepal under the Global Trade Finance Program (GTFP or Program) of IFC (the Project) with a carve out allocated towards climate smart trade finance. GTFP is IFCs response to shortage of trade finance limits in developing economies such as Nepal and the project will support GIBL in addressing the demand and supply gap for its growing trade business.
The proposed project involves establishing an unfunded short term trade finance facility with Global IME Bank Limited (GIBL or the Bank) in Nepal under the Global Trade Finance Program (GTFP or Program) of IFC (the Project) with a carve out allocated towards climate smart trade finance. GTFP is IFCs response to shortage of trade finance limits in developing economies such as Nepal and the project will support GIBL in addressing the demand and supply gap for its growing trade business.