Trade Finance Program
In the Spotlight
Trade Finance: Lifeblood of Asia's Economic Spirit
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.
Janet Hyde, a Relationship Manager with ADB's Trade Finance Program, discusses her work in Myanmar, highlights some current challenges, and explains why ADB is committed to long-term support for this important emerging economy.
In this blog, Head of Trade Finance Steven Beck shares the good news of ADB earning this recognition from Global Finance magazine’s annual World’s Best Trade Finance Providers awards. He also shares his assessment of TFP’s performance in the past year and looks forward to tackling 2016 challenges.
ADB held a trade finance event in Nadi in December 2015 as part of TFP's Pacific expansion. The event was attended by 18 banks from the region and was featured on Fiji One news. TFP's Pacific expansion is being financially supported by the Government of Australia.
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.
$1.4 trillion estimated global trade finance gap in 2015
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$22.51 billion transactions supported by ADB TFP from 2009 to 2015
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200+number of TFP’s partner banks
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1,467 SMEs supported by TFP in 2015 See more »
TFP in the News
- Global Finance Names The World’s Best Trade Finance Providers 2016
- ADB makes Central Asia appointment
- Basel III leverage ratio and trade finance
- ADB to provide Pakistan $1.5 billion loan during 2016