IFC Supports Afriland to Provide Trade Finance Guarantees to Corporates in Cameroon| glObserver Global Economics

IFC, a member of the World Bank Group, has signed an agreement with Afriland Initial Bank Cameroon (“Afriland”), to enable it to expand its trade finance operations and extend additional services to small and medium enterprises and corporate clients in Cameroon.

Sourced through Scoop.it from: globserver.cn

A breakthrough initiative towards a privately-owned Cameroonian bank, the facility of up to $15 million will guarantee Afriland’s trade-related payment obligations. Through IFC’s world network of confirming banks, Afriland can establish partnerships with several major international and regional banks, thus broadening access to trade finance for its clients.

See on Scoop.itglobserver africa


Author: globserver

Director of Eyecom china

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