On behalf of the Global Trade Liquidity Program (GTLP) partners, we are pleased to invite you to a launch ceremony to be held on Monday, July 6, 2009 at 12.00 p.m. at the WTO in Geneva, Switzerland, co-hosted by World Trade Organization Director-General, Mr. Pascal Lamy, and World Bank Group President, Mr. Robert B. Zoellick.
Program partners attending the event in Geneva will include the African Development Bank’s President Donald Kaberuka, the UK’s Department for International Development and the CDC Group, the governments of Canada and the Netherlands, the OPEC Fund for International Development, Standard Chartered Bank, Citigroup, Standard Bank of South Africa, and Rabobank Nederland.
The launch event will recognize significant new commitments from donors to the $50 billion GTLP, triggering the first disbursements to importers and exporters in developing countries to help reverse the decline in trade resulting from the economic crisis. The event underscores the commitment of the development finance institutions (DFIs), governments, and banks participating to the GTLP to move it from dialogue to action.
For those unable to attend the launch in Geneva, a separate media briefing will be held via conference call at 3.00 p.m. (Geneva/CEST time).
It will be attended by GTLP team members from participating institutions.
GTLP is designed as a vehicle which will aggregate funding from DFIs, bilateral and multilateral organizations, and governments. Around $4-5 billion will be mobilized and disbursed to individual banks supporting trade of up to $50 billion. Funding will go to eight or ten global or regional banks with extensive trade finance presence in the developing world through a number of investment structures to extend liquidity for trade financing to reach under-served clients globally.
The launch event is being held as a side event during the WTO Second Global Review of Aid for Trade – Maintaining Momentum. Please contact Lotte Pang (+1202 758 4290 /
LPang@ifc.org
) or Josep Bosch (+41-22-7395681 /
Josep.Bosch@wto.org
) if you have any questions regarding the event or to register attendance.
Date: Monday, July 6, 2009
Location: W room, WTO, Centre William Rappard, Rue de Lausanne 154, Geneva 21, Switzerland.
Time: 12.00pm, Monday July 6, 2009
Dial in details for the 3.00 p.m. (Geneva/CEST time) conference call are as follows:
1) Conference Number: 4809197
2) All participants within the continental US and Canada will dial
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* 1-888-810-4794 *
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International Participants will dial
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* 1-312-470-7338 *
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3) Participants may begin dialing in to the conference 20 minutes before it's scheduled start time.
4) Participants will give the Password: GERMAN
5) Participants will identify the Conference Leader as: Vegarra,German A.
