4 nations come together to establish Commonwealth Trade Finance Facility

Q.  Which 4 nations have come together to establish a Commonwealth Trade Finance Facility for boosting trade and investment flows?
- Published on 30 Nov 15

a. India, Malta, Maldives and Bangladesh
b. India, Malta, Afghanistan and Pakistan
c. Sri Lanka, India, Pakistan and Maldives
d. Sri Lanka, India, Malta and Mauritius

ANSWER: Sri Lanka, India, Malta and Mauritius
 
Sri Lanka, Malta, India and Mauritius have joined hands to establish Commonwealth Trade Finance Facility for boosting trade and investment flows especially for developing nations in the Commonwealth. The 4 nations have formed a Declaration of Intent at the ongoing Commonwealth Summit in Malta. Funds will cover risk for provision of trade credit in Commonwealth nation financial institutions. Funds are voluntary in nature aiming to attract start up capital of USD 20 million.

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