IFC and Span­ish Agency sup­port busi­ness in Latin Amer­ica

The Pak Banker - - Front Page -


IFC, a mem­ber of the World Bank Group and the Span­ish Agency for In­ter­na­tional De­vel­op­ment Co­op­er­a­tion (AECID) are train­ing 26 bankers from Ar­gentina, Bo­livia, and Paraguay to im­prove their trade fi­nance op­er­a­tions, re­duce risks, and bet­ter serve small and medium busi­nesses in their coun­tries.

The par­tic­i­pants rep­re­sent­ing 11 banks in Ar­gentina, Bo­livia, and Paraguay are en­gag­ing in a five-day train­ing ses­sion in Asun­ción be­tween Novem­ber 5 and 9. Through its Ad­vi­sory Ser­vices, IFC pro­vides banks and other fi­nan­cial in­sti­tu­tions with train­ing and sup­port to up­grade their ca­pac­ity to struc­ture ba­sic and com­plex trade-fi­nance transactions and mit­i­gate trade-re­lated risks. These ser­vices aim to im­prove op­er­a­tional and tech­ni­cal skills within trade-fi­nance of­fices and trans­fer cur­rent in­ter­na­tional best prac­tices to lo­cal mar­kets. Through its Global Trade Fi­nance Pro­gram, IFC is sup­port­ing in­creased trade in LAC, said Georgina Baker, IFC’s Di­rec­tor for Global Trade and Sup­ply-Chain So­lu­tions. Pro­vid­ing train­ing is an im­por­tant part of the pro­gram’s ef­forts to help emerg­ing-mar­ket banks pro­vide trade fi­nance to im­porters and ex­porters, par­tic­u­larly small and medium en­ter­prises. IFC’s Global Trade Fi­nance Pro­gram of­fers con­firm­ing banks par­tial or full guar­an­tees on pay­ment obli­ga­tions in emerg­ing mar­kets for trade-re­lated transactions, and its Ad­vi­sory Ser­vices help lo­cal banks build their trade-fi­nance ca­pac­ity.

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