IFC trains a group of West African bankers on trade finance

Apr 24, 2013

A group of bankers from Burkina Faso, Ivory Coast, Gabon, and Niger were trained on the financing of international trade, with a view to improving their mastery of the products offered in trade finance and reducing the risks associated with these products.

A group of bankers from Burkina Faso, Ivory Coast, Gabon, and Niger were trained on the financing of international trade, with a view to improving their mastery of the products offered in trade finance and reducing the risks associated with these products.

Another objective was to better serve small and medium-sized enterprises and other regional businesses.

Initiated by the International Finance Corporation, the training took place from April 15th to 19th in Ouagadougou, Burkina Faso, and included several modules on the global economy, methods of payment, guarantees and Islamic finance.

It focused in particular on the documentary credit, which is the main commodity in the international financing on guarantees.

Georgina Baker, Director of the Department of Trade and Supply Chain at the IFC, said in a statement that "the provision of training is an important component for the (IFC) program to help banks in emerging markets to provide trade finance to importers and exporters, particularly small and medium-sized enterprises."ADNFCR-2976-ID-801576038-ADNFCR