Indonesia and Bangladesh receive $177 million in trade finance facilities

The two facilities double as a means of enhancing trade and improving banking reporting to the IFC.

Standard Chartered SCB, the World Bank Group's International Finance Corporation IFC and the Dutch Development Agency FMO have committed a total of US$177 million for two separate trade finance facilities, one for Indonesia and the other for Bangladesh.

The first trade facility will be extended to Indonesia and comprises a US$125 million, five-year facility. The facility is designed to provide easier access to short-term financing for Indonesian businesses and additional letter of credit confirmation lines to...

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