The International Finance Corporation (IFC) has welcomed South African financial services provider Absa Bank to its Global Trade Liquidity Program (GTLP) to boost access to trade finance in sub-Saharan Africa, especially in low-income and fragile countries. Through a combined investment of $250-million, the IFC and Absa will channel credit to a portfolio of trade transactions that is expected to facilitate up to $1.6-billion in trade over the next three years.
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