StanChart, OPEC Fund enhance Trade Finance Risk Participation Programme

The programme has helped facilitate trade flows of over $1b annually.

Standard Chartered and OPEC Fund for International Development have enhanced their existing Trade Finance Portfolio Risk Participation Programme, which helps facilitate trade flows of over $1b annually across Asia, the Middle East, Latin America, and Africa.

The enhanced risk participation programme is expected to drive trade flows and encourage increased trade financing in emerging and developing economies, Standard Chartered said in a press announcement.

It is also expected to help narrow the global trade finance gap, which is estimated at $1.7t in 2020, the bank said.