{"id":7671,"date":"2022-07-25T11:55:23","date_gmt":"2022-07-25T11:55:23","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa"},"modified":"2022-07-25T12:12:13","modified_gmt":"2022-07-25T12:12:13","slug":"ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa","title":{"rendered":"IFC, Vista Bank Partner to Improve Trade Finance in West Africa"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>The International Finance Corporation (IFC), through its Global Trade Finance Program, has partnered with Vista Bank to improve the availability of financing the importation of refined oil products, food, raw materials, equipment and consumer goods to meet demand in Guinea and Burkina Faso.<\/p>\n

With the partnership, Vista Bank will have access to up to $24 million in IFC funding which will enable the bank\u2019s subsidiaries to finance commodity imports across the west African countries.<\/p>\n

Vista Bank will also leverage the IFC\u2019s technical support to improve its corporate governance and risk management capabilities to better serve small and medium-sized enterprises which are undergoing growth, innovation and global market challenges in Burkina Faso and Guinea.<\/p>\n

With global geopolitical trends such as the Russian-Ukraine war, the US-China trade war, limited investments and the COVID-19 pandemic affecting global transport and logistics systems, the partnership between the IFC and Vista Bank is expected to go a long way in boosting trade between Burkina Faso, Guinea and other countries.<\/p>\n

According to Simon Tiemtor\u00e9, Chairman of Vista Group, \u201cIFC\u2019s investment is critical to help increase access to trade finance for our customers. On the market side, it will further connect Vista Bank\u2019s cross-border connections, increasing countries\u2019 integration through both financial and real sector channels. It will also help link more traders to other countries and connect Burkinabe and Guineans financial markets more deeply.\u201d<\/p>\n

S\u00e9rgio Pimenta, the IFC\u2019s Vice President for Africa, added that, \u201cIncreasing the availability of trade finance in Guinea and Burkina Faso is crucial to provide better access to essential goods, growth, and job retention and creation. The financing and advisory support announced today builds on IFC\u2019s partnership with Vista Bank and will help keep trade flowing during these times of increasing global economic uncertainty.\u201d<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. The International Finance Corporation (IFC), through its Global Trade Finance Program, has partnered with Vista Bank to improve the availability of financing the importation of refined oil products, food, raw materials, equipment and consumer goods to meet demand in Guinea and Burkina Faso. With the partnership, Vista Bank will have access to […]<\/p>\n","protected":false},"author":84,"featured_media":7670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[291,293,292],"class_list":["post-7671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nIFC, Vista Bank Partner to Improve Trade Finance in West Africa - Sierra Leone<\/title>\n<meta name=\"description\" content=\"The International Finance Corporation (IFC), through its Global Trade Finance Program, has partnered with Vista Bank to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC, Vista Bank Partner to Improve Trade Finance in West Africa\" \/>\n<meta property=\"og:description\" content=\"The International Finance Corporation (IFC), through its Global Trade Finance Program, has partnered with Vista Bank to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-25T11:55:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-25T12:12:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_4-62de8881e6f91.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IFC, Vista Bank Partner to Improve Trade Finance in West Africa\",\"datePublished\":\"2022-07-25T11:55:23+00:00\",\"dateModified\":\"2022-07-25T12:12:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_4-62de8881e6f91.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/ifc-vista-bank-partner-to-improve-trade-finance-in-west-africa\",\"name\":\"IFC, Vista Bank Partner to Improve Trade Finance in West Africa - 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