Overview ofGLOBAL

TRADE FINANCEPROGRAM

Bonnie GalatMarch 16th, 2007

Global Trade Finance Program

• US$ 1 billion ceiling

• Goal: Global FI network for

trade finance solutions

• Up to 100% deal cover

• Maturities out to 3 years

• No fees to join

GTFP’s Responsive Platform

• Covers all private sector trade transactions

• Covers all bona fide trade finance instruments

• Covers all goods in accordance with IFC’s exclusion list

• Requests for cover via SWIFT communication

• Dedicated trade unit responds within 24 hours

• Training and technical assistance provided

• AAA Rated – Basel II benefits

• Cover country and commercial risk

• Cover payment risks related to trade instruments:

Import LCs, standby LCs, prom notes, bills of

exchange

• Structured as a Standby LC

• Commercial pricing

• Payable after 15 days of claim

GTFP Guarantees

Trade Applications

• Import Finance

• Pre-Export Finance

• Equipment Financing

• Bid & Performance Bonds

• Advance payments

GTFP Program Profile

GTFP TRANSACTIONS – 17 mos.

As of March 2007

• TOTAL IFC GTEES ISSUED US$ 705.7 Mil• TOTAL NO. OF GTEES 691• AVERAGE TENOR 6 months• GTEE RANGE US$ 7K- 15 Mil• MEDIAN GTEE VALUE US$ 250K• RISK-SHARE % 34%• SOUTH-SOUTH TRADES 35%• SME IMPORT-EXPORT 77%

Regional Breakdown of Guarantees(US$)

AFRICA60%

ECA4%

LAC19%

MENA14%

SOUTH ASIA3%

54 Issuing Banks in 29 countries (1)

Ghana

Merchant Bank of Ghana

Trust Bank

Kenya

Barclays

I&M Bank

Liberia

LBDI

Mauritania

Générale de Banque

de Mauritanie

Mozambique

BDC

AFRICA

Nigeria

Access Bank

Diamond Bank

Guaranty Trust Bank

(GTB)

Intercontinental Bank

IBTC

Zenith

Tanzania

Exim Bank

Uganda

Orient Bank

ArgentinaBBVA Banco Francés

Banco Patagonia

Bolivia

Banco Mercantil

BrazilBIC Banco

Banco Mercantil do Brasil

Banco BMC

Banco Alfa de Investimento

Banco Indusval SA

Daycoval

Dominican RepublicBanco Leon

EcuadorBolivariano

Guayaquil

Internacional

LATIN AMERICA AND CARIBBEAN

54 Issuing Banks in 29 countries (2)

PakistanMetropolitan

Soneri

Askari

BangladeshBRAC Bank

Eastern Bank

Dhaka Bank

CambodiaACLEDA

IndonesiaPT Bank Danamon

Sri LankaNDB

VietnamSacombank

ASIA

Lebanon

Banque Libano- FrancaisFransabankBank of Beirut

MaltaFIMBank plc.

JordanCapital Bank of Jordan

YemenSana Islamic Bank

MIDDLE EAST & NORTH AFRICA

ArmeniaArmeconombank

AzerbaijanAzerigazbank

Unibank

KosovoRZB Kosovo

MoldovaMobias Banca

MongoliaTrade & Development

Bank

RussiaCredit Bank of Moscow

Absolut

Locko Bank

Russian Standard Bank

E. EUROPE/ CENTRAL ASIA

Next phase coverage

Africa•Angola•Benin•Burundi•Cape Verde•DRC•Ethiopia•Gambia•Malawi•Mali•Rwanda•Senegal•Sierra Leone•Zambia

Latin America and Caribbean•Haiti•Jamaica•Mexico•Trinidad and Tobago•Uruguay •Venezuela

Mid. East/N.Africa•Egypt•Libya•Tunisia

E. Europe & Central Asia•Georgia•Kazakhstan•Macedonia•Tajikistan•Ukraine

East and South Asia•Bhutan•Nepal•Papua New Guinea•Philippines•Sri Lanka

95 Confirming Banks in 62 countriesABN AMRO

Ahli United Bank

American Express Bank

Anglo Irish Bank

ANZ

BAC Florida

Banco Alfa de Investimento S.A.

BancoBICE

Banco do Brasil S.A.

Banco Commercial Portugues S.A

Banco Espirito Santo

Banco Internacional del Peru S.A.A (Interbank)

Banco Patagonia S.A.

BPN Banco Português de Negócios

Banco Santander Central Hispano S.A.

Bank Austria Creditanstalt

Bank of America

Bank Danamon

Bank Leumi leIsrael B.M.

BankMuscat

Bank of Montreal

Bank of Nova Scotia

Bank of Tokyo Mitsubishi UFJ, Ltd.

Banesto

Banque LibanoFrancaise (BLF)

BB&T

Banco Bilbao Vizcaya Argentaria (BBVA)

BHF

Banco BPI, S.A.

Berliner Volksbank eG

BLADEX

BNP Paribas

British Arab Commercial Bank Limited

Banca Agricola Mantovana

Byblos Bank SAL

Caixa Geral de Depósitos

Caja Madrid

Calyon

China Construction Bank

Citibank N.A.

CoBank

Commerzbank

Commonwealth Bank of Australia

Danske Bank

Deutsche Bank

Dresdner Bank

DNB Nor Bank ASA

Emirates Bank

FIMBANK plc.

FirstRand Bank Ltd.

Fortis Bank NV/SA

Garanti Bank

GarantiBank International N.V.

Bank Hapoalim

Hemisphere National Bank

HSBC

HVB

ING Belgium

ING Bank N.V.

Intesa SanPaolo Spa

Itaú BBA

JP Morgan Chase

KeyBank

KBC

LBBW

Lloyds TSB

Mashreqbank

Mizrahi Tefahot Bank

Mizuho Corporate Bank

NATIXIS

National Bank of Kuwait

National City

Nordea

Nord/LB

OCBC Bank

OKO Bank plc

RZB

Royal Bank of Scotland

Regions Bank

SEB

Sovereign Bank

Standard Bank Plc

Standard Bank South Africa

Standard Chartered Bank

Sumitomo Mitsui

The Bank of New York

TorontoDominion Bank

Turkiye Ekonomi Bankasi (TEB)

U.B.A.F.

Unibanco

UBS

U.S. Bank

Wachovia

Whitney National Bank

Zurcher Kantonalbank

League Table: Top 20 Confirming Banks ($)

1. BNP PARIBAS

2. ANZ BANK

3. CITIBANK

4. AMEX

5. COMMERZBANK

6. DEUTSCHE BANK

7. HSBC

8. SMBC

9. INTESA SANPAOLO

10. CAJA MADRID

11. MASHREQBANK

12. WACHOVIA

13. BANK AUSTRIA

14. NOVA SCOTIA

15. NORDEA

16. DRESDNER

17. NATIXIS

18. JP MORGAN CHASE

19. HVB

20. NATIONAL CITY

US Banks using GTFP worldwide

US$ 137.8 Million

AMERICAN EXPRESS BANK, BANK OF NEW YORK, CITIBANK, JP MORGAN CHASE, NATIONAL CITY, SOVEREIGN BANK, US BANK, WACHOVIA

Gasoline Engines from China to Nigeria

Hardwood from Canada to Lebanon

Sugar from Brazil to France

Phospohoric Acid from Philippines to Bangladesh

US Trade under the GTFP

BangladeshRussia

Nigeria

US$ 54.7 Million

Goods: Cashew nuts, chemicals, coffe, cotton, crude oil, granite, machinery and parts, meat, plastics, shoes and bags, silicon, wood

USA

Dominican Rep.

GhanaMongolia

ArgentinaBrazil China

Typical GTFP Transaction: Import LCs

IFC Guarantee

Goods

ExporterInternational

Bank(Confirming)

Payment

Importer

InternationalFinance

Corporation

Confirm

L/C

Documents

Request

L/C Issuance

Payment

Documents

Payment

Documents

LocalBank

(Issuing)

L/C in favor of exporter

Pre-Export Financing

IFC Gtee

Goods

ImporterInternational

BankExporter

Pre-export Financing Pre-export Funding

LocalBank

Request

Pre-export Advance

SBLC/ PN for

Pre-export Funding

RequestIFC Gtee for Pre-Export

Loan

InternationalFinance

Corporation

Agricultural Machinery from USA to Nigeria

• LC issued by a Nigerian bank

• Confirmed by an American Bank

• Terms of payment: Sight payment

• Value: $255,000

• IFC Covers 100%

USA

Nigeria

Leather from USA to Dominican Republic

• LC issued by a DR Bank

• Confirmed by an American Bank

• Terms of payment: Sight payment

• Value: $635,536

• IFC Covers 100%

USADominicanRepublic

Solar Gas Generators from USA to Russia

• LC issued by a Russian Bank

• Confirmed by an American Bank

• Terms of payment:At Sight

• Value: $ 4.7 Mil

• IFC Covers 57.81%

USARussia

GTFP Contacts

Name Position Location Telephone Email

Georgina Baker Senior Manager Washington DC +1/202.473.3175 Gbaker@ifc.org

Rogers LeBaron Principal Advisor Washington DC +1/202.458.7518 Rlebaron@ifc.org

Bonnie Galat Head, Marketing and Sales

Washington DC +1/202.473.5335 Bgalat@ifc.org

H. Scott Stevenson Head, Trade Operations

Washington DC +1/202.458.5697 Sstevenson@ifc.org

Antonio Alves Trade Specialist—Latin America

Washington DC +1/202.458.5056 Aalves1@ifc.org

Gboyega Songonuga Trade Specialist—Africa

Johannesburg, South Africa

+27/11.731.3133 Gsongonuga@ifc.org

Mark Rozanski Trade Specialist—Central Asia

Washington DC +1/202.473.4640 Mrozanski@ifc.org

Priyamvada Singh Trade Specialist—Asia and Middle East

Washington DC +1/202.458.4786 Psingh3@ifc.org

Sabrina Borlini Trade Specialist—Eastern Europe

Sarajevo, Bosnia and Herzegovina

+387/33.251.556 Sborlini@ifc.org

Zeynep Ersel Marketing Officer Washington DC +1/202.458.2502 Zersel@ifc.org

Makiko Toyoda Operations Supervisor Washington DC +1/202.458.0142 Mtoyoda@ifc.org

Montserrat Ganuza Operations Analyst Washington DC +1/202.458.5615 Mganuza@ifc.org

Li Tang Operations Assistant Washington DC +1/202.473.7678 Ltang@ifc.org

www.ifc.org/gtfp