The International Finance Corporation (IFC) introduced the Global Trade Finance Program (GTFP) in 2005 to "support the extension of trade finance to underserved clients globally." The program has since expanded rapidly, and its authorized exposure ceiling was increased in three stages from $500 million in 2005 to $5 billion in 2012. In FY12, the GTFP accounted for 39 percent of total IFC commitments, 53 percent of its commitments in Sub Saharan Africa, and 48 percent of its commitments in Latin America and the Caribbean.

The GTFP has been a relevant response to demand for trade finance risk mitigation in emerging markets, although faster recent expansion in lower-risk markets raises the need for close monitoring of its additionality in these areas. The GTFP significantly improved IFC’s engagement in trade finance from its past efforts by introducing an open, global network of banks and a quick and flexible response platform to support the supply of trade finance. The GTFP has high additionality among high-risk countries and banks, where the supply of trade finance and availability of alternate risk-mitigation instruments are lower.

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