The
trade financing pricing outlook in Mena for 2015 and impact of Expo 2020 on Dubai trade were also highlighted.
IFC already has existing
trade financing engagements with six Nepalese banks Himalayan Bank, Nepal Investment Bank Limited, Bank of Kathmandu, NIC Asia, Laxmi Bank, and Siddhartha Bank under its Global Trade Finance Program.
As per market estimates, total
trade financing amongst the OIC member countries, including Saudi Arabia, Malaysia and Turkey stood just under USD 4 billion in late 2012, the report noted.
Its primary competencies are in the fields of
trade financing including guarantees, standby-and/or letters of credit and warranties.
The loan will help FIMBank offer
trade financing to companies that import and export food, consumer goods, and machinery.
Summary: HSBC Holdings signed a memorandum of understanding with an affiliate of the Islamic Development Bank to facilitate sharia-compliant
trade financing activities on behalf of ITFC's customers, the lender said in a statement on Monday.
The two entities have signed an MoU to implement Shari'ah-compliant
trade financing.
The
trade financing helps Pakistan increase cross-border trade, and benefits many important business sectors.
The AfDB with the IFC and Citigroup have agreed to provide up to $300m in
trade financing for exporters and importers in Africa to help boost economic growth.
According to the statement, the ITFC's overall objective of being a catalyst for increased intra-trade insured that the lion's share of
trade financing went to Organization of Islamic Conference (OIC) member countries, which received more than 80 percent or $1.
Given the ITFC's overall objective of being a catalyst for increased intra-trade, the lion's share of
trade financing went to OIC member countries, which received more than 80 per cent or $1.
The ITFC, as part of its
trade financing program to provide Egypt with its strategic energy requirements, has organized a series of trade finance operations valued at $358 million, up more than 138 per cent over 2009 which saw a total of $150 million trade finance operations for Egypt, said a top official.
