WNAM REPORT: SQB became a participant in the GSM-102 Export Credit Guarantee Program of the United States Department of Agriculture (USDA) and established cooperation in providing guarantees for attracting trade finance credit lines.
Under this program, U.S. banks are provided with guarantees to finance the import of various types of raw materials, such as food, essential oils, chemicals, silk, semi-finished products, and other finished products.
Currently, about 30 banks worldwide are participating in the program. SQB has also become the first participant among Central Asian countries.
This cooperation will contribute to the expansion of trade between the two countries in the future.
