TMB participates in IFC global trade finance program

The TMB Bank Public Company Limited (TMB) has participated in the Global Trade Finance Program (GTFP) initiated by the International Finance Corporation (IFC), a member of the World Bank Group. The program in Thailand is aimed to enable the traders to have easier access to the international market with a focus on the emerging markets, without having to worry about risk. The IFC GTFP’s key objective is to extend and complement the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained. Through the GTFP 500-bank network in 100 countries, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This enables the continued flow of trade credit into the market at a time when imports may be critical and the country’s exports can generate much-needed foreign exchange. TMB and IFC have established a close collaboration since 2012 in the financial relief program to assist SMEs to recover from the effects of the 2011 heavy floods in Thailand.

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