Iraqi bankers begin trade finance training

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04 February 2010

The International Finance Corporation has held its first trade finance training seminar for Iraqi bankers in Beirut, Lebanon.

The International Finance Corporation (IFC), a member of the World Bank Group, held its first trade finance training seminar for Iraqi bankers this week in Beirut, Lebanon.

In cooperation with the government of Japan, the IFC hosted the seminar for Iraqi bankers to promote risk management tools to enable access to international trade networks.

“This training programme...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%