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IFC trade programme hits new milestone
25 March 2008
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IFC global trade finance program $2 billion Bonnie Galat
The IFC Global Trade Finance Programme (GTFP) has reached a milestone of $2 billion worth of guarantees issued since its launch in September 2005.
These guarantees represent 2,500 individual underlying trades. Growing demand from the market reflects the expanded coverage of nearly 100 banks in the emerging markets as well as constraints on global liquidity. In the first nine...
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