IFC, a member of the World Bank Group, last week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products.  A IFC media statement said the five-day training programme, sponsored by the government of Japan, helps bankers identify opportunities to connect local businesses [...]

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IFC helps local banks strengthen trade finance expertise

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IFC, a member of the World Bank Group, last week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products.  A IFC media statement said the five-day training programme, sponsored by the government of Japan, helps bankers identify opportunities to connect local businesses with international customers and suppliers. The participants also learn how to identify and mitigate operational risks by adopting international best practices in trade finance.

“It is important for bankers to continuously increase their knowledge in trade finance to stay competitive,” said Suguru Minoya, who heads the economic cooperation section at the Embassy of Japan in Sri Lanka. “We believe IFC’s training in trade finance is timely, as both countries expand trade and investment.”

Sri Lanka is a priority country for IFC. IFC’s committed portfolio of $180 million in Sri Lanka covers projects across a range of sectors, including infrastructure, tourism, renewable energy, finance, and health care. IFC also provides advisory services to promote sustainable growth among small and medium enterprises by facilitating access to finance, and by offering capacity-building and training opportunities.




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