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Global Trade Liquidity Program




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.


Disbursements


Through 2011, a total of $1.8 billion of funding has been disbursed to eight program banks.

GTLP Partners

DFIs

  • 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)

Participating Banks 

  • Africa Export Import Bank
  • Banco Galicia
  • Banco Itau Paraguay
  • Citibank
  • Commerzbank
  • Intesa Sanpaolo
  • J.P. Morgan Chase Bank
  • Rabobank
  • Standard Bank of South Africa

  • Standard Chartered Bank


Interested in participating? Contact our team to express interest or get more information.

 

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