Taken from CBI:
Global Trade Finance Programme (GTFP) might help exporters in need of export credit. GTFP extends and complements the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained.
A CBI survey among more than 200 exporters and BSOs in developing countries as well as dozens of European companies and associations revealed that the international financial and economic crisis has had a (very) negative effect on access to export credit for 58% of the exporters. The Global Trade Finance Program (GTFP) might be of help.GTFP extends and complements the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained. GTFP offers confirming banks partial or full guarantees covering payment risk on banks in the emerging markets for trade related transactions. These guarantees are transaction-specific and may be evidenced by a variety of underlying instruments such as: letters of credit, trade-related promissory notes, accepted drafts, bills of exchange, guarantees, bid and performance bonds and advance payment guarantees. The guarantees are available for all private sector trade transactions that meet IFC's eligibility criteria. Check http://www.ifc.org/GTFP for a complete list of banks participating in the program, updates and contact information.
A CBI survey among more than 200 exporters and BSOs in developing countries as well as dozens of European companies and associations revealed that the international financial and economic crisis has had a (very) negative effect on access to export credit for 58% of the exporters. The Global Trade Finance Program (GTFP) might be of help.GTFP extends and complements the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained. GTFP offers confirming banks partial or full guarantees covering payment risk on banks in the emerging markets for trade related transactions. These guarantees are transaction-specific and may be evidenced by a variety of underlying instruments such as: letters of credit, trade-related promissory notes, accepted drafts, bills of exchange, guarantees, bid and performance bonds and advance payment guarantees. The guarantees are available for all private sector trade transactions that meet IFC's eligibility criteria. Check http://www.ifc.org/GTFP for a complete list of banks participating in the program, updates and contact information.
