Financed ProjectsBasisbank

Identification Code:

OP/06/0617

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:

Basis Bank

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have modest but favourable economic benefits for the Georgian economy, the most relevant being tax revenue gains from increased economic activity under the additional amount provided. This 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 Baisbank 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. Basisbank 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