Pakistan's MCB Bank has joined the IFC's global trade finance programme as an issuing bank, increasing access to trade finance to small and medium companies in the country.
The IFC programme aims to support the flow of goods and services to and from developing countries. It provides guarantee coverage of bank risk in emerging markets, allowing members to expand their trade finance activities.
Atif Bajwa, president and CEO of MCB Bank, comments, "We are pleased to join the global trade finance programme and build a strong relationship with IFC.
"Through the programme, we will be able to enhance our trade product offering, extend our relationship with correspondent banks worldwide, and structure trade finance solutions to meet the needs of our clients and help them increase their business in new markets around the globe.”
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