Trade Finance Program
In the Spotlight
Head of Trade Finance Steven Beck explains how ADB's trade finance program supports economic growth, job creation and ultimately poverty alleviation efforts in developing countries across Asia and the Pacific.
ADB Investment Specialist Edward Faber talks about the support ADB's Trade Finance Program is providing in Bangladesh.
Global availability of trade finance improved in 2014 but gaps were increasingly pronounced in emerging economies, including in Asia, driven by banks’ decision to move away from high-risk markets.
ADB's Trade Finance Program and Cooperative Bank (CB Bank) today signed an agreement that enables the TFP to provide guarantees of up to $12 million per annum in support of the trade finance operations of CB Bank.
ADB's Trade Finance Program (TFP) fills market gaps for trade finance by providing guarantees and loans to banks to support trade.
Backed by its AAA credit rating, ADB’s TFP works with over 200 partner banks to provide companies with the financial support they need to engage in import and export activities in Asia’s most challenging markets. With dedicated trade finance specialists and a response time of 24 hours, the TFP has established itself as a key player in the international trade community, providing fast, reliable, and responsive trade finance support to fill market gaps.
A substantial portion of TFP’s portfolio supports small and medium-sized enterprises (SMEs), and many transactions occur either intra-regionally or between ADB’s developing member countries. The program supports a wide range of transactions, from commodities and capital goods to medical supplies and consumer goods.
The TFP continues to grow, supporting billions of dollars of trade throughout the region, which in turn helps create sustainable jobs and economic growth in Asia’s developing countries.