Dhaka, Bangladesh, June 8, 2008—IFC,
a member of the World Bank Group, will host a seminar in Dhaka, Bangladesh,
to help improve the trade finance operations of banks in South Asia and
enable them to better support local entrepreneurs and small businesses.
The seminar will promote tools for managing risks associated with trade
finance products and services, and it will facilitate agreements between
local banks that focus on international trade. It will target high-level
banking officials from Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka.
Participants will represent 16 banks from the South Asia region.
Scott Stevenson, IFC Manager for Global Trade Finance Program, explains,
“Our mandate as part of IFC’s Global Trade Finance Program, includes
assisting banks to develop and upscale their trade finance operations;
I hope the participating banks would benefit from the course."
“IFC’s trade finance program helps local banks offer enhanced tenors
and access competitive pricing terms that facilitate trade with emerging
markets worldwide and promote the flow of goods and services between developing
countries. The program’s training component supports our regional approach
in enhancing South Asia’s financial sector,” said Per Kjellerhaug, IFC
Country Manager for Bangladesh, Bhutan, and Nepal.
The seminar will include sessions on documentary credit, trade finance
rules, guarantee instruments, asset liability management, treasury, and
the process of applying IFC guarantees to various financing structures.
Last year, IFC delivered 13 trade finance training courses, reaching 130
bankers from 25 countries.
Launched in 2005, the IFC Global Trade Finance Program supports trade with
emerging markets worldwide. It aims to increase developing countries’
share of global trade and promote South-South flows of goods and services.
To date, 12 banks in South Asia have joined the program. Globally, the
program has provided more than $2.3 billion worth of guarantees to 97 issuing
banks in 50 countries, where more than 70 percent are issued for small
and medium enterprises.
IFC, a member of the World Bank Group, fosters sustainable economic growth
in developing countries by financing private sector investment, mobilizing
private capital in local and international financial markets, and providing
advisory and risk mitigation services to businesses and governments. IFC's
vision is that people should have the opportunity to escape poverty and
improve their lives. In FY07, IFC committed $8.2 billion and mobilized
an additional $3.9 billion through syndications and structured finance
for 299 investments in 69 developing countries. IFC also provided advisory
services in 97 countries. For more information, visit www.ifc.org.