Financed ProjectsKOR-Standard Bank TF

Identification Code:

OP/11/0831

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

Short Term Trade Finance Facility

Countries of Operation:

Georgia (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

KOR Standard Bank

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have favorable economic benefits for the Georgian economy, the most relevant being additional tax revenue gains from increased economic activity from the incremental amount inflows. In addition, the amount provided will help further enhance benefits such as increase in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities KOR Standard Bank shall follow the BSTDB's Negative List of Products and local EH&S legislation, as well as make sure that the Beneficiaries fully comply with these requirements. KOR Standard Bank shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org