Banking International Commerce Inter-American Development Bank Foreign trade Global Bank Corp SME loans SMEs Banco Agrícola El Salvador Financing SMEs Grupo Lafise Latin American Integration Association Multibank Panama external funding guarantees Asociación Panameña de Exportadores

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

©image: Multibank

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.

In joining the TFFP, Multibank further expands its role in supporting businesses in the area outside Panama and in other countries in Latin America and the Caribbean.

Launched in 2005, the TFFP is an effective tool for the IDB to support economic reactivation and growth in Latin America and the Caribbean through the expansion of financing available for foreign trade activities in the region

Source: Inter-American Development Bank

Key entities

Grupo Lafise Multibank Panama Inter-American Development Bank Global Bank Corp Banco Aliado Banco Agrícola El Salvador

Countries

Panama

Insight

Foreign trade guarantees external funding International Commerce Banking

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