The IFC has held a seminar to improve the trade finance operations of East African banks in Tanzania, and to help develop their relationships with businesses.
The three-day seminar promoted tools for managing risks linked to trade finance products and services.
"Increasing trade in Africa is vital to promoting economic growth and development,” remarks IFC director for Sub-Saharan Africa,Thierry Tanoh.
“The innovations in trade finance provided by IFC help expand opportunity and have a strong development impact across Africa, especially for smaller businesses.”
Topics covered in the seminar include talks on documentary credits, trade finance rules, and guarantee instruments, as well as the process of applying IFC guarantees to financing structures.
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