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Summary of Project Information (SPI) |
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| Project number | 5103 |
| Project name | BELARUS TRADE ENHANCEMENT FACILITY |
| Country | Belarus |
| Sector | Finance & Insurance |
| Department | Global Financial Markets Group |
| Company name | BELARUS TRADE ENHANCEMENT FACILITY |
| Environmental category | C |
| Date disclosed | August 23, 1995 |
| Status | Hold |
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Summary Of Project Information (SPI)
| Project Name | Belarus-Belarussian Trade Enhancement Facility (BTEF) |
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Sector
Project No005103
Projected Board DateSeptember 19, 1995
Company NameABN-AMRO Bank (Österreich) Aktiengessellschaft
Technical Partner and/or Major Shareholders
The co-guarantor, ABN-AMRO Bank N.V., one of the largest international trade finance banks, is headquartered in the Netherlands. The agent for the facility is its Austrian subsidiary, ABN-AMRO Bank Ísterreich) Aktiengesselschaft.
Project Cost Including proposed IFC investment
US$10 million Guaranty Facility
Location of project and Description of site
Vienna, Austria
Description of Company and Purpose of Project
This project involves the establishment of a US$10 million guarantee facility to promote Belarussian trade flows. The proposed facility will guarantee the non-collateralized portion of letters of credit (L/Cs) issued by a select group of Belarussian banks. The maximum exposure under the facility for IFC’s account will be US$5 million with the balance for the account of the co-guarantor.
Environmental Category and Issues
Category C, and therefore, there are no environmental impacts associated with this project.
The is from the Public Information Center.
| Date SPI sent to PIC | August 23, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365 |
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