ICIEC supports the construction of “Green” office infrastructure in the city of Abidjan
ICIEC has provided EUR 50 million in non-payment cover against the default of financial obligations for a loan facility that Société Générale is granting to Côte d’Ivoire’s Ministry of Finance. The funding is being used for the construction of Tower F, an energy efficient public office building set to host more than 3,500 people and 750 vehicles. The building is part of a larger blueprint for the City of Abidjan, which lays the foundation for the construction of 6 public office towers that are intended to host all the institutions and public authorities of the State of Côte d’Ivoire. By insuring the financing for the construction of this “Green” office building, ICIEC is contributing to the development of basic infrastructure, the enhancement of energy-efficiency, and empowering communities in Côte d’Ivoire.
Securing essential imports of wheat to enhance food security in Bangladesh
ICIEC is supplying USD 7.1 million in coverage under the ICIEC-ISFD COVID-19 Emergency Response Initiative (ICERI) to one of the leading private commercial banks in Bangladesh, the State Bank of India (SBI). The transaction serves to directly respond to the challenges posed by the COVID-19 pandemic by supporting the importation of vital wheat imports into the country at subsidized cost, enhancing food security for the citizens of Bangladesh. This transaction directly contributes to the achievement of SDG 2: Zero hunger in ICIEC’s member country.
ICIEC Supports import of Mining heavy machineries to Kazakhstan
ICIEC has extended USD 9.5 million in Specific Transaction Policy to Eurasian Machinery, the official distributor of Hitachi Construction Machinery (HCM) in Kazakhstan and Central Asia, covering 80% of the total sales contract and assisting in the import of capital goods. The cover has allowed Eurasian Machinery to provide four Hitachi excavators to the Kazakhstan mining sector. ICIEC’s involvement in the transaction is supporting Kazakhstan’s mining sector, a priority industry for the country.
