Fri, December 13, 2024
Thu, December 12, 2024

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

Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5 trillion, according to a report from the Asian Development Bank

HSBC and the International Finance Corporation (IFC) have launched a $1 billion trade finance program aimed at supporting emerging markets. This initiative seeks to enhance trade finance availability in regions where access to such financial services is limited, thereby fostering economic growth and stability. The program will focus on providing guarantees and liquidity to banks in these markets, helping them to facilitate more trade transactions. This collaboration is part of a broader effort to address the trade finance gap, which disproportionately affects small and medium-sized enterprises (SMEs) in developing countries, by reducing the risk for banks and encouraging them to engage in more trade finance activities.

Read the Full Business Standard Article at:
https://www.business-standard.com/companies/news/hsbc-ifc-launch-1-bn-trade-finance-programme-for-emerging-markets-124121201080_1.html