IDB Invest supports Barbados, Guyana, Suriname through trade finance programme

IDB Invest has incorporated three subsidiaries of Republic Financial Holdings Limited in Barbados, Guyana and Suriname into its Trade Finance Facilitation Program (TFFP).

The lender has opened credit lines for short-term international trade finance supporting local small and medium-sized enterprises. The three credit lines consist of an uncommitted $20 million TFFP line each to both Barbados and Guyana, as well as a $15 million line to Suriname. They will support Republic’s ability to finance its customers’ import and export activities in these three countries. It will also help the bank to increase its supply of foreign trade products to its SME clients, adjusting its supply to the current context of these demands.