DRAFT Improving the SMEs Access to Trade Finance
in the OIC Member States
31
Figure 9: IFI Trade Finance Programs
Source: ICC Rethinking Trade and Finance
The role of such programs and organizations and the fundamental importance of their
contributions to the facilitation of trade, and the support of developing economies was brought
sharply and clearly into focus at the peak of the global crisis. The lack of liquidity in global
markets directly impacted availability of trade finance, and resulted in a precipitous drop in
trade flows from Asia to Europe and the Americas, and the lack of trade-focused liquidity was
deemed sufficiently serious for the World Bank’s International Finance Corporation to be
mandated by the G20 and the WTO to manage the injection of $250 billion in new capital into
global trade finance markets.
The IFC Global Trade Finance Program is comprehensive in nature, including both traditional
and emerging supply chain finance solutions, as well as solutions targeted to meet the needs of
specific types of trade flow, deemed strategic from a development perspective. The scope of
the program, from a solutions perspective, and from the perspective of supporting technical
assistance and advisory capabilities, is notable.