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IFC Global Trade Liquidity Programme
26 March 2010
Unprecedented collaboration for trade
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Participants: IFC, CDC (UK), DFID (UK), Saudi Fund for Development, the Canadian government, African Development Bank, the Netherlands government
Utilisation banks: Citi, Commerzbank, JP Morgan, Rabobank, Standard Bank South Africa, Standard Chartered Bank
Amount: $8.8 billion
Lawyers: Lovells |
Regular readers of Trade Finance will know we have been closely tracking IFC’s Global Trade Liquidity Programme (GTLP) since it was announced during the London G20 meeting in 2009. The financial and economic difficulties of the last two years have shown how innovative the trade finance community can be and there was little hesitation in awarding a Deal of the Year to this unprecedented, collaborative crisis response initiative that includes development finance institutions (DFIs), bilateral and multilateral organisations, governments and private sector banks mobilising funding targeted to support private sector trade finance in the developing world.
GTLP is the first global solution of its kind and represents a well coordinated effort between...
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