IFC and JPMorgan have teamed up to launch an innovative trade finance structure in Asia and the Pacific to help facilitate and boost trade activities in the region.
The funded trade advance provides cost-effective pre-export and post-import financing to banks. It combines several trade transactions into a single trade facility and provides a novel approach to raising funds through risk-mitigated avenues. It is also flexible and can be replicated easily in other regions.
Pakistan's largest privately owned bank, Habib Bank Limited, will be the first to benefit from this solution, which will help the bank expand its financing options as trade flows in the country continue to grow.
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For more information contact:
Lotte Pang
Phone: +1 202 758 4290
E-mail: LPang@ifc.org
Published on September 10, 2008
