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                    [ArticleID] => 188834
                    [Title] => IFC-HSBC launches $20-M trade facility
                    [Summary] => The International Finance Corp. (IFC), the private sector deve- lopment arm of the World Bank Group, recently signed an agreement to develop a partnership with the Hongkong and Shanghai Banking Corp. Ltd. (HSBC), that will establish the $20 million Philippine trade facility (PTF). 


The facility will provide medium-sized private local banks active in import trade, with access to increased confirmation limits for letters of credits (LCs) issued by them.


                    [DatePublished] => 2002-12-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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ABRAHAM CO AND EAST WEST BANK

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                    [ArticleID] => 188834
                    [Title] => IFC-HSBC launches $20-M trade facility
                    [Summary] => The International Finance Corp. (IFC), the private sector deve- lopment arm of the World Bank Group, recently signed an agreement to develop a partnership with the Hongkong and Shanghai Banking Corp. Ltd. (HSBC), that will establish the $20 million Philippine trade facility (PTF). 


The facility will provide medium-sized private local banks active in import trade, with access to increased confirmation limits for letters of credits (LCs) issued by them.


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abtest

IFC-HSBC launches $20-M trade facility

December 22, 2002 - 12:00am

The International Finance Corp. (IFC), the private sector deve- lopment arm of the World Bank Group, recently signed an agreement to develop a partnership with the Hongkong and Shanghai Banking Corp. Ltd. (HSBC),...

Business