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IFC is set to partner with Sampath Bank to provide trade financing for Sri Lankan exporters, a move that will improve access to global markets and boost the country’s trade.
As part of the agreement, IFC will partially or fully guarantee the trade finance payment risks of Sampath Bank's clients. IFC's global trade finance programme promotes trade among emerging markets, helping banks to ensure liquidity of export-oriented small and medium enterprises (SMEs).
IFC’s commitment portfolio in Sri Lanka stands at $230 million and covers projects across a range of sectors, including infrastructure, tourism, renewable energy, finance and healthcare.