The International Finance Corp., (IFC) the private sector arm of the World Bank, said on Wednesday that it was doubling the size of its global trade finance program to $1 billion (5,74 mia. d. kr.)
IFC’s largest financing program to date, it is designed to boost emerging market trade among small and medium-sized importers and exporters by guaranteeing the payment risks of local financial institutions.
With the additional $500 million, the program will be able to continue expanding its coverage globally, particularly in frontier markets such as Cambodia, Nepal and Yemen.
It will also provide support to banks in post-conflict countries such as the Democratic Republic of the Congo, Liberia, Rwanda, and Sierra Leone.
Kilde: www.worldbank.org
