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
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
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.
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,
For more information about SECO, please visit www.cooperacionsuizaenperu.org.pe.