IFC and Banreservas Partner to Strengthen Trade Finance in the Dominican Republic
Dominican Republic, Nov. 10 -- The International Finance Corporation (IFC), a member of the World Bank Group, and Banreservas, the Dominican Republic's leading commercial bank, announced a strategic agreement to strengthen trade finance in the country. The initiative will help boost economic activity, expand business opportunities, and create jobs.As part of the agreement, IFC will provide a credit line of up to US$100 million to support Banreservas' trade finance portfolio. The financing will increase access to funding for the bank's clients, particularly small and medium-sized enterprises (SMEs), enabling them to import and export goods and services and integrate into international markets. Through this partnership, Banreservas joins IFC'...
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