Banreservas and the International Finance Corporation Agree to Expand Support for Foreign Trade Operations
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The Reserve Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic agreement to strengthen foreign trade financing in the country. The operation establishes an uncompromised guarantee facility of up to $100 million to support payment obligations associated with the Dominican financial institution’s foreign trade operations. The terms of the agreement fall within the IFC’s Global Trade Financing…
The Reserve Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic agreement to strengthen foreign trade financing in the country.The operation establishes an uncompromised guarantee facility of up to $100 million to support payment obligations associated with the Dominican financial institution's foreign trade operations.
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