Atlantic Bank has become the first bank in Belize to join the IFC global trade finance programme.
The IFC programme supports trade with emerging markets worldwide by providing risk mitigation.
In Atlantic Bank’s case, this will be specifically aimed at increasing short-term trade financing for small and medium-sized enterprises (SMEs).
Sandra Bedran, Atlantic Bank’s general manager, says: “This relationship with IFC’s global trade finance programme will help us diversify our source of funding for import and export financing. It will also increase our capacity to deliver trade products at a competitive pricing to a broad number of Belizean clients.”
Atlantic Bank’s inclusion into the programme is part of IFC’s ongoing initiative to boost Latin American economy, as Giri Jadeja, IFC’s senior manager for global financial markets in Latin America and the Caribbean, comments: “Atlantic Bank’s entry into the programme is a key element of IFC’s efforts supporting Belizean SMEs active in trade. This is part of IFC’s strategy in the region to encourage greater economic development in Central America and the Caribbean.”
Last Updated March 25, 2010
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