Karachi, 13 November 2023: Standard Chartered Bank Pakistan has signed an un-funded Risk-Participation Agreement with the International Finance Corporation. The USD 200 million PKR equivalent programme, will see the IFC cover 50% of Standard Chartered’s risk against short term-trade and working capital funded loan facilities for corporate clients based in Pakistan. Standard Chartered and IFC aim to leverage their long-standing relationship with export-based industries in Pakistan to enable the generation of foreign exchange inflows which remain critical for the sustainable growth of Pakistan’s economy. These inflows will be made possible through the enhanced availability of trade and working capital loan facilities including supply chain financing and sustainable finance product suites for large-scale manufacturers. This programme is a key milestone of IFC and Standard Chartered’s global collaboration that can be replicated across emerging markets to facilitate trade flows. ADB approves $250m in loans to help deliver reliable electricity in Pakistan Pakistan’s Envoy: ‘We Will Recognize Taliban Regime Simultaneously’ Israeli PM Says Attempts to Minimise Civilian Casualties “Not Successful” 2 Drones, Heroin Recovered Near India-Pak Border In Punjab Districts Sarmad Lone, Head of Client Coverage, Corporate, Commercial and Institutional Banking (CCIB) for Standard Chartered in the Africa and Middle East region said, … Continue reading Standard Chartered Bank and the IFC enter a Risk-Participation Agreement