Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12

As part of its strategy to support global trade, the World Bank Group seeks to enhance trade finance in emerging markets. In 2005 the International Finance Corporation (IFC), part of the Bank Group, introduced the Global Trade Finance Program (GTFP) to support the extension of trade finance to under...

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Tác giả chính:	WorldBank
Định dạng:	Sách
Ngôn ngữ:	English
Được phát hành:	World Bank 2015
Những chủ đề:	Evaluation Independent evaluation group Trade finance Risk mitigation
Truy cập trực tuyến:	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56427
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id	oai:scholar.dlu.edu.vn:DLU123456789-56427
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spelling	oai:scholar.dlu.edu.vn:DLU123456789-564272023-11-11T05:35:32Z Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12 WorldBank Evaluation Independent evaluation group Trade finance Risk mitigation As part of its strategy to support global trade, the World Bank Group seeks to enhance trade finance in emerging markets. In 2005 the International Finance Corporation (IFC), part of the Bank Group, introduced the Global Trade Finance Program (GTFP) to support the extension of trade finance to underserved clients globally. This IEG evaluation found that overall, the GTFP was a relevant response to the demand to reduce risk in trade finance in emerging markets. The program significantly improved IFC's engagement in trade finance by introducing an open network of banks and a quick, flexible response platform to support the supply of trade finance. IEG's evaluation covers the program's operations from its inception in 2005 through FY2012. The program grew from a $500 million annual commitment to $5 billion in FY12. It accounted for 39 percent of total IFC commitments and has low costs. It accounted for 2.4 percent of IFC's capital use and 1.2 percent of its staff costs and has had no claims to date. It is profitable as well, although not to the extent originally expected, accounting for 0.6 percent of IFC's net profit. IEG found that the GTFP has particular additionality among higher-risk countries. In its early years, it was concentrated in these countries, particularly in Africa. During the global crisis, the program risk-mitigation instrument became relevant in much broader markets. Client feedback on the program has been positive. In its evaluation IEG does offer several recommendations to enhance its effectiveness, including on issues of transparency and reporting methods, as well as expanding the share of the program in needier markets. For development professionals, the lessons in this evaluation can be applied to private sector development situations, particularly mitigation of financing risks in emerging markets. 2015-06-15T06:38:22Z 2015-06-15T06:38:22Z 2013 Book 9780821399804 9780821399811 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56427 en application/pdf World Bank
institution	Thư viện Trường Đại học Đà Lạt
collection	Thư viện số
language	English
topic	Evaluation Independent evaluation group Trade finance Risk mitigation
spellingShingle	Evaluation Independent evaluation group Trade finance Risk mitigation WorldBank Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
description	As part of its strategy to support global trade, the World Bank Group seeks to enhance trade finance in emerging markets. In 2005 the International Finance Corporation (IFC), part of the Bank Group, introduced the Global Trade Finance Program (GTFP) to support the extension of trade finance to underserved clients globally. This IEG evaluation found that overall, the GTFP was a relevant response to the demand to reduce risk in trade finance in emerging markets. The program significantly improved IFC's engagement in trade finance by introducing an open network of banks and a quick, flexible response platform to support the supply of trade finance. IEG's evaluation covers the program's operations from its inception in 2005 through FY2012. The program grew from a $500 million annual commitment to $5 billion in FY12. It accounted for 39 percent of total IFC commitments and has low costs. It accounted for 2.4 percent of IFC's capital use and 1.2 percent of its staff costs and has had no claims to date. It is profitable as well, although not to the extent originally expected, accounting for 0.6 percent of IFC's net profit. IEG found that the GTFP has particular additionality among higher-risk countries. In its early years, it was concentrated in these countries, particularly in Africa. During the global crisis, the program risk-mitigation instrument became relevant in much broader markets. Client feedback on the program has been positive. In its evaluation IEG does offer several recommendations to enhance its effectiveness, including on issues of transparency and reporting methods, as well as expanding the share of the program in needier markets. For development professionals, the lessons in this evaluation can be applied to private sector development situations, particularly mitigation of financing risks in emerging markets.
format	Book
author	WorldBank
author_facet	WorldBank
author_sort	WorldBank
title	Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
title_short	Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
title_full	Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
title_fullStr	Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
title_full_unstemmed	Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12
title_sort	evaluation of the international finance corporation's global trade finance program, 2006-12
publisher	World Bank
publishDate	2015
url	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56427
_version_	1819768828716908544

Evaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12

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