Global Trade Liquidity Program Bulletin #3

GTLP Bulletin #3, July 2010. During this quarter (April-June 2010), African Export-Import Bank (Afrexim) joined the program as a utilization bank, and will be responsible for channelling $200 million in trade financing throughout continental Africa. Including Afrexim, GTLP disbursed a total of $400 million this quarter, bringing GTLP disbursements to date to $1.5 billion. Citibank also signed a new $120 million Africa-focused (60:40) risk-sharing facility aimed at increasing development impact in Africa.

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