HONG KONG: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.

HSBC and the International Finance Corporation (IFC) signed a US$1-billion partnership to help banks in emerging markets increase their lending to support trade. The risk-sharing facility between one of Hong Kong's currency-issuing banks and the private sector financing arm of the World Bank will cover trade-related assets held by banks in 20 countries in Africa,

IFC and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have announced the signing of a $1 billion risk-sharing facility that will help banks in emerging markets increase their lending to support trade.

The initiative aims to support trade by enabling banks in 20 countries across Africa, Asia, Latin America, and the Middle East to increase their lending.

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.

BAKU, Azerbaijan, December 13. The International Finance Corporation (IFC) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have signed a $1 billion risk-sharing agreement aimed at increasing trade finance in emerging markets, Trend reports via the IFC.