IFC, in cooperation with the government of Japan, is holding a training seminar for Iraqi bankers, to help promote tools for managing risks associated with trade finance products and services and help Iraqi banks join international trade networks.
The seminar will include sessions on documentary credit, trade finance rules, guarantee instruments, trade finance-related treasury mechanisms and applying IFC guarantees to trade finance transactions.
Georgina Baker, director of IFC, said: “This training program for Iraqi banks under the IFC Global Trade Finance Program will help private sector banks in Iraq improve their trade finance skills, contributing to the growth of the Iraqi economy.”
Toru Shikibu, executive director of World Bank in Japan, said: “We are pleased to support the Iraqi banking sector in cooperation with IFC’s Global Trade Finance Program. This training will help Iraqi banks become part of a global trade network and build new relationship between Iraq and other countries, including Japan.”