Arab Trade Financing Program

Arab Trade Financing Program

A financial institution intended to foster trade between Arab countries and to make financing available for Arab exporters. It provides lines of credit to Arab exporters and importers through national agencies. These national agencies are appointed by the monetary authorities in each country. The ATFP was established by the Arab Monetary Fund in 1989.
References in periodicals archive ?
On the other hand, the AMF provided credit facilities to finance Jordan's foreign trade through the Arab Trade Financing Program .
Al-Humaidi said Arab Trade Financing Program would provide payments of up to $150 million once Yemen had repaid its existing debts.
Moreover, the Fund has provided, through its subsidiary the Arab Trade Financing Program (ATFP), lines of credit to 21 national agencies in Egypt to finance intra Arab trade activities.
The Arab Trade Financing Program of the AMF facilities that finance Egypt's
BEIRUT: A $15 million line of credit agreement was concluded on Wednesday between Banque Libano-Francaise (BLF), represented by its CEO, Farid Raphael, and the Arab Trade Financing Program (ATFP) represented by its CEO Jassim al-Mannai.
The loan from the Arab Trade Financing Program, a unit of the Arab Monetary Fund, will help finance the North African country's trade activities, said Aziz Jabara, the program's director for finance and administration.
BLOM Bank Egypt received the approval of the CBE to operate as a national agency to the Arab Trade Financing Program (ATFP), a joint Arab financial institution that targets the development of Arab trade.
Al Hamidy will also hold the position of Chief Executive and Chairman of the Board of Directors of the Arab Trade Financing Program (ATFP), a subsidiary of the AMF.
According to el-Naga, the Arab Trade Financing Program of the AMF facilities that finance Egypt's foreign trade is up to USD 1.5 billion.
The Arab Trade Financing Program (ATFP) approved USD 287 million in the second quarter this year to finance trade agreements in the Arab countries.The Abu Dhabi-based ATFP said, in a statement Sunday, the financing were in response to 68 requests by the Arab countries.It said it funded projects in Arab countries with USD 8.5 billion since its establishment in 1991.During its meeting in the second quarter, it said in a statement, the ATFP board members discussed trade services offered for exporters and importers, as well as other activities of the Program.
The conference, which was organized by the Lebanese Economy and Trade Ministry in collaboration with the Arab trade financing program, aims at creating commercial ties between regional importers and exporters.
Minister of Finance Mohammad Abu Hammour told Petra after signing the deal with President of the AMF, Jassem al-Manaai, that the Kingdom has secured a further $20 million to its previous $50 million loan through the AMF Arab Trade Financing Program ATFP.
Full browser ?