Multinational - Line of Credit to Pta Bank


Project Summary

Approval Date 23 Feb 1994
Signature Date 13 May 1994
Planned Completion Date 31 Dec 2002
Last Disbursement Planned Date 30 Dec 2003
Sovereign / Non-Sovereign Non-Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 14,865,448.95
Status Completion

Project General Description

The proposed project is the first Line of Credit to Preferential Trade Area for Eastern and Southern African States (PTA) Bank. It is to assist the PTA Bank in its efforts to promote small and medium scale enterprises in the PTA sub-region. The Bank has already an institutional support grant to both the PTA Secretariat and the PTA Bank. This Line of Credit will be utilized for the acquisition of necessary capital goods, management and technical expertise to produce goods and services. The sub-projects financed will generate employment, earn or save foreign exchange and increased managerial and technical skills in the member countries of the PTA Bank.

Project Objectives

The objective is to provide foreign exchange for projects in all sectors of the economies of PTA Bank member countries with a view to promote the small and medium scale enterprises. It is also calls for enhancing the role of the PTA Bank in financing sub-projects in its member states.

Beneficiaries

The project’s beneficiaries are the small and medium scale enterprises and the member countries of the PTA Bank.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-HAA-001
Last Update 26 May 2020

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Geographic Location

Country Multinational