Lima, Peru, April 16, 2012—
IFC, a member of the World Bank Group, and Switzerland’s State Secretariat for Economic Affairs are helping bankers improve their trade finance operations, reduce risks, and better serve local small and medium businesses in the wider Latin American and Caribbean region.
IFC’s Global Trade Finance Program offers confirming banks partial or full guarantees on payment obligations in emerging markets for trade-related transactions. IFC’s trade advisory program is an integral component of this larger program and is designed to help local banks build their trade finance capacity.
As part of this program, executives representing 13 banks from Bolivia, Colombia, Ecuador, Paraguay, and Peru are participating in a five-day trade-finance training session in Lima, from April 16 to April 20.
This training will help strengthen their skills in structuring trade-finance transactions, improving techniques for mitigating trade finance risk, upgrading operational and technical skills of their trade-finance back offices, and transferring international best practices in to local markets.
Georgina Baker, IFC Director of Trade and Supply Chain Department, said: “Through its Global Trade Finance Program, IFC is supporting increased trade in Latin America and the Caribbean. Providing training is an important part of efforts to help banks in emerging markets provide trade finance to importers and exporters, particularly small and medium enterprises.”
In Latin America and the Caribbean, more than 400 bankers from 10 countries have benefited from 13 IFC trade finance training courses in the last three years.
IFC’s Global Trade Finance Program was established in 2005 to promote trade flows between emerging markets, increase developing countries’ share of global trade and support flow of goods and services among these countries.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
www.ifc.org
.
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