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Through this facility the AfDB will provide critical trade finance funding to support economies in which Ecobank is present. The intervention comes at a time of falling commodity prices which have caused shortages in foreign exchange supply and led to unmet demand for trade finance instruments to support ongoing structural changes in the respective economies in Sub-Saharan Africa. Through the Ecobank branch network across Sub-Saharan Africa, the project will mainly support small and medium enterprises and local companies involved in import export activity.
Status
Active
Start Date
2016
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
78
Amount in USD (in million)
310.36