IDB Includes Multibank Panama in TFFP Program
Multibank has become the third bank to join the Panamanian Facilitation of Foreign Trade Financing Program (TFFP).
Monday, April 20, 2009
Through TFFP, the IDB offers guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in International Trade transactions.
Banco Internacional de Guatemala joined the Trade Finance Facilitation Program (TFFP) of the Inter-American Development Bank.
The loan to the Guatemalan bank aims to finance import and export operations.
The Inter-American Development Bank will provide $153 million to a new capital investment platform for Latin America and the Caribbean, in partnership with the Export-Import Bank of China.
A new annual publication from the Inter-American Development Bank analyzes business trends in Latin America and the Caribbean.
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