IFC’s Trade Finance Program to Support Business between Brazil and Argentina

In Washington, D.C.: 
Adriana Gomez, IFC 
Phone: (202) 458-5204 
E-mail: AGomez@ifc.org 

Aliza Marcus, IFC 
Phone: (202) 473-8168 
E-mail: AMarcus@ifc.org 

In Argentina: 
Banco Bradesco Argentina S.A. 
Arnaldo C. Silva 
Phone: 54 11-4114-6100 
E-mail:  bradesco@arnetbiz.com.ar




Washington, D.C., October 28, 2009—IFC, a member of the World Bank Group, will 
provide Banco Bradesco Argentina S.A. with trade finance guarantees that will 
allow the bank to increase financing for clients’ foreign trade transactions, 
helping lessen the impact of the global financial crisis.  

By joining IFC’s Global Trade Finance Program as an issuing bank, Banco 
Bradesco Argentina, a subsidiary of Banco Bradesco Brazil, will be able to 
expand access to trade finance for businesses operating in key export and 
import sectors. 

“We are pleased to join IFC’s trade finance program,” said Arnaldo Silva, 
Director and General Manager of Banco Bradesco Argentina. “This will expand our 
access to trade finance lines from international banks and allow us to continue 
supporting the growth of trade business between Brazil and Argentina.” 

Enrique Cañas, IFC Country Manager for Argentina, Chile, Paraguay, and Uruguay, 
said: “This new association is consistent with IFC’s strategy in Argentina—to 
promote South-South investments— and with our commitment to strengthening the 
local financial market.”  

IFC’s trade finance program supports trade in emerging markets by providing 
partial or full guarantees for individual trade transactions, using payment 
risk guarantees to international banks that issue financing to banks in 
emerging markets. The program helps banks boost their capacity for delivering 
trade finance in challenging markets.  

Since launching the Global Trade Finance Program in 2005, IFC has issued $1.5 
billion in guarantees to facilitate trade flows with Latin America and the 
Caribbean. The network of issuing banks for the region has expanded to 45 banks 
in 17 countries. More than 45 percent of the guarantees issued benefited local 
small and midsize businesses and supported interregional trade flows between 
emerging market nations. In total, the program has issued $3 billion in 
guarantees worldwide, through a network of more than 300 participating banks. 

For more information about the program, contact Antonio Alves, Head of Trade 
Finance for Latin America and the Caribbean, at aalves1@ifc.org, or visit 
www.ifc.org/gtfp. 

About IFC  
IFC, a member of the World Bank Group, creates opportunity for people to escape 
poverty and improve their lives. We foster sustainable economic growth in 
developing countries by supporting private sector development, mobilizing 
private capital, and providing advisory and risk mitigation services to 
businesses and governments. Our new investments totaled $14.5 billion in fiscal 
2009.  For more information, visit www.ifc.org. 

About Banco Bradesco Argentina S.A. 
 Banco Bradesco Argentina S.A. is a subsidiary of Banco Bradesco S.A., the 
second-largest private bank in Brazil with 99.99 percent of shareholder 
participation. Bradesco Argentina’s financial statements are included in the 
consolidated financial statements of Banco Bradesco Brazil. Standard & Poor’s 
has granted Banco Bradesco Argentina a raA+ rating with stable outlook. For 
more information, visit www.bradesco.com.br.