GTLP nears the billion mark

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17 February 2010

As the IFC’s Global Trade Liquidity Programme (GTLP) gets close to disbursing $1 billion, Dickon Harris spoke to German Vegarra, senior manager for global financial markets at the IFC, and Laura Mecagni, senior investment officer.

Trade Finance (TF): The GTLP officially launched during the WTO meeting in July 2009. How has the programme performed?

Vegarra: We are close to breaking the $1 billion disbursement barrier. This is more or less supporting $2.5 billion worth of trade finance.We are very pleased right now with the outcome of GTLP. The demand has been positive. I would say demand has followed the mixed economic signals we see in the developed economies. We are, however, on track and hope to fully disburse the liquidity portion over the next few months.

Mecagni: The first quarter results of the GTLP have been very encouraging. We are pleased at this point of time because the reach has been so strong in Africa. The figures from the first quarter show that 34% of the volume went to support trade finance in sub-Saharan Africa, followed by 32% in Latin America, 22% in...

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