Date of effectiveness: 2005
The Trade Finance Facilitation Program (TFFP) was created in 2005 to support Latin America and Caribbean banks’ access to international trade finance markets through technical cooperation, knowledge creation and financial products.
It was created
- To promote development and economic growth in the region through the expansion of trade financing to Latin America and Caribbean banks;
- To broaden the sources of trade finance available for Latin America and Caribbean importing and exporting companies and support their internationalization;
- To support global and intraregional integration through trade;
- To ensure liquidity in periods of market volatility (program’s counter-cyclical role).
The tffp network is comprised of over 100 banks in the Latin America and Caribbean region and over 100 correspondent banks worldwide.