IFC and Credit Agricole CIB Continue to Expand Access to Trade Finance for Emerging Markets Through a Renewed Innovative Structured Finance Deal
France, Nov. 6 -- International Finance Corporation (IFC), the World Bank Group's private sector arm, and Credit Agricole CIB announced a Significant Risk Transfer (SRT) structure covering a $2 billion portfolio. IFC has provided a $95 million financial guarantee for Credit Agricole CIB that will help originate new trade finance commitments for emerging markets over the next years. This innovative structure frees up capital that Credit Agricole CIB will redeploy in order to achieve this objective.This transaction comes at a critical time, as global trade faces headwinds from geopolitical events, supply chain disruptions, and tightening financial conditions. With trade volume growth projected to slow down in Emerging Markets and Developing E...
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