Standard Chartered and IFC renew commitment to boost global trade by up to USD6 billion

Washington, D.C. – Standard Chartered and the IFC announced the signing of a USD700 million investment in IFC’s Global Trade Liquidity Programme (GTLP) to support global trade finance.

Since the launch of the initial facility in 2009, the Standard Chartered GTLP facilities have shown strong reach and impact in supporting trade in the emerging markets, particularly those supported by the International Development Association (IDA), as well as low/lower middle-income countries, given the Bank’s established network and correspondent banking relationships. When combined, these facilities have supported over USD20.5 billion in global trade through over 150 Emerging Market Issuing Banks (EMIBs) in 37 countries across 17,746 transactions, without any defaults.

This renewed facility is expected to support up to USD6.4 billion in trade over three years across Asia, the Middle East, Africa and Latin America by supporting about 850 importers and exporters involved in critical commodities, basic goods and other essential materials to meet market demand. The GTLP programme continues to evolve to reflect changing market dynamics and now features a significant climate component as well as seeking greater activity in the areas of IDA markets and food security.

“We are delighted to renew the GTLP, a longstanding partnership with the IFC since 2009 that is testament to both organisations’ unwavering commitment to narrow the trade finance gap,” said Sunil Kaushal, Regional Chief Executive Officer for Africa & Middle East at Standard Chartered. “As a leading trade bank, we have a crucial role to play in enhancing the accessibility to the capital and liquidity needed to facilitate global trade, and to do so in a sustainable manner. Particularly in today’s challenging post pandemic macro environment, such partnerships can help continue to provide the much-needed liquidity to boost trade flows and drive economic growth. This partnership is at the core of what we do as a Bank and in complete alignment with our stand of Resetting Globalisation.”

The GLTP facility has proven to be a highly effective means to channel financing to support emerging market trade flows, and represents a unique and coordinated global initiative that brings together governments, international development and financial institutions, as well as private sector banks. By providing liquidity or guarantees, the programme helps banks grow their credit limits, manage risk and support trade across developing markets which are often under-served.

“The joint work of Standard Chartered and the IFC Trade & Supply Chain Department over the years has helped support trade in Emerging Markets, a key component of growth and job creation,” said Mohamed Gouled, IFC Vice President. “Given our aligned footprint, shared vision for sustainable development and ability to deploy capital and expertise where our support is needed the most, I look forward to continuing to innovate together and to further expanding our impactful partnership in trade with an increased focus on Sub-Saharan Africa and supporting smaller suppliers further down the supply chain.”


For further information please contact:

Elena Gex Renjel
+1 202 250 1012


Josephine Wong
Group Media Relations
Standard Chartered
+65 6981 1514

About IFC

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit

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