What is the purpose of the IFC’s Global Trade Finance Program?

The purpose of the IFC’s Global Trade Finance Program is to support trade finance solutions for exporting and importing businesses in developing countries. The program is designed to enhance the ability of local banks to provide trade-related financing services, thereby facilitating international trade. By offering guarantees and other financial instruments, the IFC helps mitigate the risks associated with trade transactions, especially in markets where traditional financing may be limited or unavailable.

Through this support, the program aims to promote economic growth and development by enabling businesses in developing countries to engage in international trade more effectively. This aligns with the IFC's mission to foster sustainable development and improve conditions in underserved markets, ensuring that businesses have access to the necessary financial tools to participate in the global economy.