The second agreement comprises a trade finance facility under IFC’s Global Trade Finance Program (GTFP). This unfunded facility will be utilized to guarantee NDB’s trade-related payment obligations, thereby supporting the Bank’s international trade activities. Through this engagement, NDB will collaborate with IFC’s trade finance experts and benefit from IFC’s strong credit standing and deep technical expertise in the said subject matter. With support under the Global SME Finance Facility (GSMEF), IFC will provide technical assistance to NDB to modernize the Bank’s Transaction Banking (TB) and Supply Chain Finance (SCF) business. This engagement will enable NDB to formally identify climate risk as a key risk category and integrate it into the Bank’s overall risk management framework and strategy.