Proparco and afriland first bank join hands to support the financing of imports in Cameroon. Thus, Proparco grants a Trade Finance guarantee of 15 million euros to Afriland First Bank.

This first partnership between the two institutions is part of the Trade Finance transaction guarantee program launched in 2017 by Proparco to support the development of trade in its areas of intervention. By guaranteeing the Trade Finance instruments of partner banks with their banking correspondents, Proparco secures transactions and facilitates the development of commercial relations between importers and exporters. For its part, Afriland First Bank will increase the number of international partners to 20 for an accumulation of trade finance lines of 222 million euros (146 billion CFA francs).