Banco Bisa Bolivia joins IFC programme
Banco Bisa has joined the IFC’s global trade finance programme, in a move to support the trade transactions of exporters and importers in Bolivia.
The partnership will give Banco Bisa easier access to diversified funding sources for its clients’ trade transactions. It will also grow its correspondent banking network and create new relationships, the IFC says.
“Trade is a driving force in many developing countries,” says Georgina Baker, IFC director for global trade and supply chain solutions. “This trade credit line for Banco Bisa will help Bolivian firms enter new markets, opening opportunities for business growth and spurring local job creation.”
Since its inception in 2005, the IFC’s global trade finance programme has issued more than 12,000 guarantees totalling US$17bn.