Republic Bank (Guyana) Limited (RBL) has gotten approval for a US$20 million line of credit from the Inter-American Development Bank (IDB) under its Trade Finance Facilitation Programme (TFFP).
This approval, which was announced by the IDB yesterday, makes RBL the second local financial institution to join the TFFP. Demerara Bank Limited joined the programme in October.
The TFFP programme is implemented by IDB Invest, a multilateral development bank (member of the IDB group) which aims to provide financial and technical support for projects that contribute to private sector development, such as those supporting small and medium-sized enterprises through financial intermediaries.
