São Tomé, São Tomé and Príncipe, March
9, 2011 – IFC, a member of the World Bank Group, and the Government
of Japan are providing training in trade finance to bankers from São Tomé
and Príncipe to help them improve their trade finance operations, reduce
risks, and better serve small and medium businesses in the country.
This training is part of IFC’s Global Trade Finance Program, established
in 2005 to promote trade flows between emerging markets, increase developing
countries’ share of global trade, and support the flow of goods and services
between these countries.
Eighteen bankers from seven banks in the country are participating in a
five-day training session in São Tomé from March 7 to March 11. The week-long
training is the second held in São Tomé by IFC’s Global Trade Finance
Program. This course covers all aspects of trade finance, including the
methods of payment in trade, giving participants a good understanding of
all trade products.
Georgina Baker, IFC Director Short Term Finance, said, “Through its Global
Trade Finance Program, IFC is supporting increased trade in Africa. Providing
training is an important part of the program’s efforts to help banks in
emerging markets provide trade finance to importers and exporters, particularly
small and medium enterprises.”
Ms. Yasuë Miyanaka, Attachée Politique et Economique at the Embassy of
Japan in Gabon, said, “Japan, in partnership with IFC, welcomes the Global
Trade Finance Program’s training seminars, which encourage capacity building
in Africa, contributing to its sustainable development.”
IFC’s Global Trade Finance Program offers confirming banks partial or
full guarantees on payment obligations in the 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
The advisory program provides banks and other financial institutions with
training and support to upgrade their skills in structuring basic and complex
trade finance transactions, improve their techniques for mitigating trade
finance risk, upgrade the operational and technical skills of their trade
finance back offices, and transfer current international best practices
in trade finance to local markets.
In Africa, more than 1000 bankers from 26 countries have benefited from
64 IFC trade finance training courses since 2006.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.
About the Government of Japan
Japan is determined to contribute to the development of Africa. Our commitment
was demonstrated in launching the TICAD process, through which Japan has
promoted the principles of both global partnership and African ownership.
The Government of Japan announced in the Yokahama Action Plan in TICAD
IV its intention to double ODA to Africa by 2012. For more information,