The World Bank Group’s International Finance Corporation (IFC) recently agreed to enroll Guinea-based Vista Bank Group in its Global Trade Finance Program (GTFP), giving the bank’s subsidiaries in Burkina Faso and Guinea access to USD 12 million each to facilitate imports of essential goods such as “foodstuffs, raw materials, refined oil products, equipment [and] consumer goods….” IFC will also provide technical assistance to Vista Bank regarding governance and risk management. This follows a 2020 project through which IFC advised Vista Bank on
Tag: Trade Finance
MICROCAPITAL BRIEF: FMO Considering $10m Loan to Mutual Trust Bank (MTB) of Bangladesh for Trade Finance
The Netherlands Development Finance Company, a public-private bank also known by its Dutch acronym FMO, recently announced it is considering lending USD 10 million to Mutual Trust Bank (MTB) Limited, a privately owned commercial bank in Bangladesh. The funding would be for financing imports and exports