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IDB launches trade finance training initiative within its TFFP
May '08
The Financial Markets Division of the IDB's Structured and Corporate Finance Department (SCF) announced the launch of an initiative to provide trade finance training courses jointly to Trade Finance Facilitation Program (TFFP) Issuing Banks and representatives of their small exporting or importing clients.

The courses are part of a Technical Cooperation Project financed by the Trade and Poverty Trust Fund endowed with funds from the UK Department for International Development (DFID) and administered by the Integration and Trade Sector (INT) of the IDB.

The first two training courses on trade finance instrument uses and practice will be held as a pilot during May 4-6 and May 8-10, 2008 in Guayaquil, Ecuador, benefitting staff of TFFP Issuing Banks Banco de Guayaquil, S.A. and Banco Bolivariano C.A., together with representatives of their small client companies.

"We are very happy to roll out this TFFP training initiative, which will target operational and commercial staff of our Issuing Banks. The fact that each course will be held locally at or close to the Issuing Bank itself - enables a larger number of people to participate and benefit from the training” says Ulrike Aulestia Vargas, IDB Trade Finance Officer and Project Team Leader of the training initiative.

“We hope to provide training to staff of at least 10 Issuing Banks and representatives of their small exporting or importing clients approximately over the next 18 months”, she adds.

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