Donors Back $1.25B Trade Fund

The International Finance Corp. and Citigroup unveiled a trade funding facility worth $1.25 billion for emerging economies,

reported. The three-year facility is seen to mobilize as much as $7.5 billion in trade flows. Citigroup will contribute $750 million of the funding while the rest will be provided by IFC and other development agencies.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.