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HSBC, WB's IFC launch $1 bn trade finance programme for emerging markets

HSBC and the International Finance Corporation (IFC) have launched a $1 billion trade finance program aimed at supporting emerging markets. This initiative, named the Global Trade Liquidity Programme (GTLP), seeks to enhance trade finance availability in regions where access to such financial services is limited. The program will focus on providing liquidity and risk mitigation to banks in these markets, thereby facilitating trade and economic growth. It particularly targets sectors like agriculture, energy, and manufacturing, which are crucial for development but often face financing challenges. The collaboration aims to address the significant trade finance gap, estimated at $1.7 trillion annually, by leveraging HSBC's global network and IFC's expertise in emerging markets.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/world-news/hsbc-wb-s-ifc-launch-1-bn-trade-finance-programme-for-emerging-markets-124121200065_1.html ]