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Banco Internacional Joins IDB Lending Program

Banco Internacional de Guatemala joined the Trade Finance Facilitation Program (TFFP) of the Inter-American Development Bank.

Monday, December 13, 2010

©image: Lesther Castillo

Through this program, the IDB provides guarantees and loans to cover the various types of guarantees required by international trade transactions.

Under the agreement, the IDB provided a credit line of up to 5 million to the International Bank to support export and import transactions with terms of up to 18 months.

"Participating in the TFFP will allow us to continue to grow our business in trade finance and contribute to economic growth in Guatemala," declared the general manager of International Bank, Francisco Naranjo.

Source: Inter-American Development Bank

Key entities

Inter-American Development Bank Banco Internacional (Guatemala)

Insight

guarantees external funding Banking International Commerce

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