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IFC
Its participation in the program will allow Banpaís to expand its financial transactions to foreign trade with an extensive global network of banks and improve Honduran companies’ access to credit lines for trade.
Banpaís is the third Honduran bank to join the IFC’s (International Finance Corporation) global business financing program, which supports trading in emerging economies by providing guarantees. To extend and complement the capacity of banks to provide financing for trade, the IFC seeks to increase the participation of developing countries in global trade and promote the flow of goods and services between these countries.
Source: International Finance Corporation
More on this topic
July 2009
Multibank joins IFC Program to expand trade financing for panamanian businesses.
IFC, a member of the World Bank Group, announced that Multibank today became the first issuing bank in Panama to join IFC’s Global Trade Finance Program to improve access to finance for local importers and exporters and entry to new markets.
April 2009
The commerce program of the IFC supports Atlántida Bank in the expansion of its access to a world trade network.
The International Finance Corporation (IFC), a member of the World Bank Group, announced today that Atlántida Bank of Honduras has joined the Global Program for trade financing of the IFC, which will help the bank to access a world trade network and strengthen its support to SMEs that are dedicated to the import or export of goods in the country.
October 2010
IFC will finance part of $ 44 million in road repairs in Tegucigalpa and Comayaguela.
The money will be channeled through three local banks: Ficohsa, Atlantida and Banco de Occidente, covering 36% of the $ 44 million credit loan the municipalities have with these banks.
July 2011
The National Cooperative of Educators (Coopenae) will receive $30 million from the International Finance Corporation (IFC) for loans.
The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.
IFC, a branch of the World Bank will provide $15 million in colones, to which are added another $15 million also in colones provided by FMO, the Dutch development bank.
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