Tuesday 17, December 2013 by Matthew Amlôt

IFC and Standard Chartered to Boost RMB denominated Trade Finance in Emerging Markets

IFC, a member of the World Bank Group, and Standard Chartered Bank have signed a landmark risk sharing facility, which will increase the amount of Renminbi (RMB) denominated trade finance available to Chinese banks, as well as corporates and businesses in China and across Asia and other emerging markets involved in imports and exports to China. This marks IFC’s first venture into RMB denominated cross-border trade finance, building on the success of IFC's award winning global trade programs.

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