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De-risking Importation of Strategic Commodities

Abstract*

This project, De-risking Importation of Strategic Commodities (DISC), aims to establish a foreign currency (FX) trade facility to Malawi in the amount of US$60 million. The objective of this facility is to de-risk importation of strategic commodities, particularly fertilizer and pharmaceuticals, by providing guarantee on payment obligations of local issuing banks to their correspondent confirming banks. Currently, correspondent banks lack confidence...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Key Details

Project Details

  • P500589

  • Active

  • Qursum Qasim , Isfandyar Khan, Leah Kiwara

  • Ministry of Finance and Economic Affairs

  • Malawi

  • October 27, 2023

  • (as of board presentation)

    November 20, 2023

  • December 11, 2023

  • US$ 0.00 million

  • Ministry of Finance and Economic Affairs

  • Eastern and Southern Africa

  • 2024

  • US$ 60.00 million

  • N/A

  • Moderate

  • June 30, 2027

  • Yes

  • BANK APPROVED

  • December 9, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 60.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 60.00
IBRD + IDA Commitment 60.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 20, 2023 IDA-E2660 Loan Commitment 60,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Moderately Satisfactory 2025-04-10
Procurement Moderately Satisfactory 2025-04-10
Progress towards achievement of PDO Moderately Satisfactory 2025-04-10
Financial Management Moderately Satisfactory 2025-04-10
Monitoring and Evaluation Moderately Satisfactory 2025-04-10
Overall Implementation Progress (IP) Moderately Satisfactory 2025-04-10

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.