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AfDB to fund GTLP
02 July 2009
African Development Bank is set to fund the Global Trade Liquidity Programme, which when active will become the single-largest contributor to African trade finance.
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[African Development Bank]
[GTLP]
[IFC]
The board of directors of the African Development Bank (AfDB) has approved $500 million investment in the IFC's Global Trade Liquidity Programme (GTLP).
The initial $500 million investment by the bank makes the GTLP the single-largest contributor to African trade finance.
The GTLP is a temporary crisis-response initiative launched by the IFC during London’s...
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