IFC Launches Trade Finance e-Learning

by Export Academy Admin July 28, 2016

Dublin, July 28, 2016 – eBSI Export Academy is pleased to announce the launch of an online International Trade Finance e-Course, in partnership with the International Finance Corporation, the private sector development arm of the World Bank. The e-Learning program is dedicated to building global capacity in international trade finance through new and innovative learning methods.

The objective of the e-Course is to provide trade finance specialists and vendors with comprehensive knowledge covering international standard practices and procedures required under the various rules in international trade finance, and contains interactive lessons on how to finance various types of international trade transaction.

“Capacity building is a major component of the IFC Global Trade Finance Program. The road to sustainable international trade finance which reduces operational risk for IFC partner banks is challenging, because to achieve lasting results, robust capacity strengthening is necessary.

We hope that this innovative capacity building product, which complements the already existing IFC classroom trainings, will help in preparing the next generation of international trade finance specialists with expertise valuable not only for emerging markets but for the international trade finance community across the world.”

Marcelle Ayo

Global Lead of Trade Advisory, Global Trade & Commodity Finance Department of the International Finance Corporation.

The online version of the course is available on a specially designated website at http://www.ifctradefinanceelearning.com. The training course is designed to also run on mobile devices to allow ease of accessibility. Upon successful completion of the assessment tests, participants are awarded with 16 Professional Development Units from the Institute of Financial Services in the United Kingdom.

“The World Bank’s support in strengthening trade finance capacity and competency includes assistance in developing a new version of the formerly named IFC FIT Initiative, which was originally piloted in Pakistan and Bangladesh, but which grew to 9 countries in Africa and Asia and 800 graduates before being formally adopted as a global IFC Training Product this year” said Thomas Smith, CEO of eBSI Export Academy, whose company is managing the IFC International Trade Finance e-Learning program.

“This innovative online program offers a standardized training and assessment regime to all IFC Global Trade Finance partners and is a valuable resource for any financial institution wishing to access a cost effective training and a path towards an international trade finance certification”.

Thomas Smith

CEO, eBSI Export Academy

IFC Trade Finance e-Learning course is comprised of 40 hours of interactive online training, covering the following Learning Units:
Methods of Payment
Documentary Collections
Documentary Credits Fundamentals
Management of Documentary Credits
Bonds and Guarantees
Short and Medium Term Finance
Factoring Fundamentals
ECA and Warehouse Finance
Commodity Trade Finance
Fraud Identification and Prevention

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The IFC International Trade Finance e-Learning is now available for immediate start through the purpose built e-learning portal at http://www.ifctradefinanceelearning.com at a reduced cost per participant of EUR 500.