IFC to guarantee export credit by Sri Lanka's Sampath BankFriday, July 22, 2016 > 08:51:19
Washington-based International Finance Corporation will provide full and partial export credit risk guarantees for customers of Sri Lanka's Sampath Bank.
IFC said its Global Trade-Finance Program promotes trade among emerging markets, helping small and medium businesses, tap export markets.
"IFC’s trade-finance facility will support Sampath Bank’s capacity to help small businesses tap growth opportunities," Sampath Bank Managing Director Aravinda Perera said in a statement.
"Wider access to IFC’s global network of partner banks will facilitate trading transactions of our customers at competitive pricing."
Amena Arif, IFC Country Manager for Sri Lanka said the facility will help small exporters access over 100 emerging market countries. (Colombo/July21/2016)
“This trade finance facility with Sampath Bank is part of IFC’s continued commitment to strengthen Sri Lanka’s banking sector.”