47912-012: Capacity Development for Developing Member Country Banks under the Trade Finance Program

Project Data Sheet (PDS): Overview


Description

The proposed R-CDTA for Capacity Development of DMC Banks focuses on filling market gaps for trade finance. Many DMC banks struggle to establish and/or maintain correspondent banking relationships with international banks, which are needed to access liquidity and guarantees in support of trade. Some factors (e.g., political and macroeconomic instability) are beyond their control, but DMC banks often lack knowledge of trade finance instruments, and may be unable to provide standard financial information to international banks. Such information is required to establish trade finance lines of credit between international and DMC banks. The lack of trade finance and financial reporting capacity among many DMC banks extends to transparency and governance issues, and reduces credit line availability from international banks. As a result, less financial support is available for DMC companies engaged in importing and exporting of goods and services. This reduces the availability and increases the cost of trade finance in many least developed countries (LDCs), hindering their full participation in international trade, and increasing the risk that they will become more marginalized. Read More

Country Regional
Borrower/Equity Investment Name
Project Number 47912-012
Type or Modality of Assistance TA
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 8622
Approval Date 21 Feb 2014
Geographical Location Afghanistan, Armenia, Azerbaijan, Bangladesh, Bhutan, Cambodia, Georgia, Indonesia, Kazakhstan, the Kyrgyz Republic, Mongolia, Myanmar, Nepal, Pakistan, the Philippines, Sri Lanka, Tajikistan, Uzbekistan, and Viet Nam.
Sector Industry and trade
Subsector Trade and services

 

 

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Project Data Sheets (PDS)

Responsible ADB Officer
Steven Beck
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
15 Jan 2014

Last PDS Update
16 Jan 2014

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