IFC is proud to announce a landmark milestone for TradeFinance in CentralAsia: Demir Kyrgyz International Bank (DemirBank) has joined IFC's Global Trade Finance Program (GTFP) as an issuing bank partner — becoming the first bank in the Kyrgyz Republic to participate in the program.
Through the GTFP, DemirBank will expand its capacity to facilitate cross-border trade by connecting local businesses with IFC’s global network of confirming banks. Backed by IFC guarantees, the bank will be better positioned to support a higher volume of trade transactions, helping Kyrgyz companies finance essential imports of goods and equipment, strengthen their export capabilities.
DemirBank's participation represents a meaningful step toward broadening access to trade finance in the Kyrgyz Republic — reinforcing IFC's long-term commitment to empowering local businesses, helping them scale, create jobs, and build more resilient connections to global markets.