Zemen Bank announces discussions with IFC towards a 30M $ trade Finance program.

The program will allow Zemen to access an unfunded trade finance facility under IFC’s Global Trade Finance Program (GTFP or the GTFP Facility) of up to US$30 million, booked under the Africa Trade and Supply Chain Recovery Initiative (ATRI). GTFP’s investment in the form of a trade line will confirm the banks’ partial or full guarantees [and other trade instruments] covering payment risk and allowing Zemen Bank further support its clients.