Trade Finance Program
In the Spotlight
ADB is expanding its Trade Finance Program in Nepal by an additional $40 million to help banks finance import of much needed goods to support reconstruction and immediate needs in response to the recent earthquake.
ADB held its first annual Trade Finance Program (TFP) awards ceremony, with 12 partner banks recognized for their role in supporting trade in the region.
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.
The Global Trade Review magazine voted ADB the best development bank in trade for the ADB Trade Finance Program. The award, determined by corporations engaged in cross-border trade, is featured in its January/February 2015 edition. Read the article (accessible to subscribers only).
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.