Doha, March 17 (QNA) - Qatar Development Bank (QDB) announced the activation of a suite of financing and advisory programs in cooperation with the Ministry of Municipality, the Ministry of Commerce and Industry, and the Ministry of Public Health, and in coordination with the Committee for the Follow-up of the Implementation of Food Security Policies.

These programs are designed to support and empower companies and factories operating in the food and health sectors, as well as their ancillary industries, in response to private sector feedback received through the bank's operations room in light of current regional developments.

These services include Supply Chain Financing for Priority Products. QDB will provide partial guarantees for wholesale and retail trade companies to support financing applications through the commercial banks where the company holds an account.

The second service is Raw Material Inventory Financing. QDB will offer financing for factories in priority sectors to strengthen their raw material inventory and prepare for any potential future disruptions in supply chains.

QDB also launched Logistics Support Program for Imports. It is a dedicated program launched to support import operations and logistics for factories operating in the food and health sectors and their ancillary industries to mitigate the impact of rising shipping and transportation costs through financial support to compensate for the increase in related imports logistics costs, facilitating connections with strategic partners and reliable logistics providers, conducting specialized workshops on logistics operations and international trade, and providing access to up-to-date insights and the latest market developments.

To benefit from these services, the QDB explained that companies and factories on the designated list will be directly contacted, in coordination with relevant parties and in alignment with pre-defined sector priorities, and in line with the priorities of the targeted sectors that were previously identified under the current regional circumstances. (QNA)