The Global Trade Liquidity Program (GTLP) is a unique, coordinated global initiative that brings together governments, development finance institutions (DFIs), and private sector banks to support trade in developing markets and address the shortage of trade finance resulting from the global financial crisis.
With targeted commitments of $4 billion from public sector sources, the program has supported nearly $20 billion of trade since its inception. It raises funds from international finance and development institutions, governments, and banks, and it works through global and regional banks to extend trade finance to importers and exporters in developing countries. IFC’s commitment to the program is $1 billion.
GTLP began its operations in May 2009, channeling much-needed funds to back trade in developing countries. Phase 2 was launched in January 2010 with an unfunded solution, based on the existing GTLP platform, to support trade finance directed at the food and agribusiness sectors. The program was extended in January 2012 to continue to stabilize and foster trade and commodity finance to emerging markets.
Since its launch, GTLP has been acknowledged in the financial industry as an innovative structure to help infuse much needed liquidity into the trade finance market, thereby catalyzing global trade growth. The solution also represents a win-win proposition: for the banks it provides an opportunity to continue supporting clients through these difficult times; for IFC and its partners, it affords the ability to channel liquidity and credit into markets to help revitalize trade flows by leveraging on the banks’ vast networks across emerging markets in Asia, Africa, Middle East, Europe, and Latin America.
The program is already benefiting thousands of importers and exporters and small- and medium-sized enterprises.
Through 2011, a total of $1.8 billion of funding has been disbursed to eight program banks.
African Development Bank
Canada's Department of Finance
Commonwealth Development Corporation (CDC Group)
Japan Bank for International Cooperation
Swedish International Development Cooperation Agency (SIDA)
The Netherlands’ Ministry of Foreign Affairs
The OPEC Fund for International Development (OFID)
The Saudi Fund for Development
The United Kingdom – Department for International Development (DFID)
Africa Export Import Bank
Banco Itau Paraguay
J.P. Morgan Chase Bank
Standard Bank of South Africa
Standard Chartered Bank
Interested in participating?Contact our team to express interest or get more information.