Africa: New Trade Finance Programme to Provide Up to $50 Billion Boost to Trade

6 April 2009

The World Bank Group has announced the launch of a coordinated global initiative that brings together governments, development finance institutions (DFIs), and private sector banks to support trade in developing markets and address the shortage of trade finance resulting from the global financial crisis.

The Global Trade Liquidity Programme will begin operations in May, channelling much-needed funds to back trade in developing countries.

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