Trade Finance Program
In the Spotlight
The world needs an estimated $1 trillion to support the trade that grows economies and lowers poverty. ADB's Head of Trade Finance, Steven Beck, discusses strategies to fill that need.
At the second annual ADB Trade Finance Program (TFP) awards ceremony on 7 September in Singapore, winning banks discuss the significance of being recognized by TFP as a leading partner bank in their country.
Standard Chartered Bank Malaysia Berhad and the Asian Development Bank (ADB) have signed a RM80 million supply chain finance (SCF) agreement that will benefit small and medium-sized enterprises (SMEs) in Malaysia. The deal is ADB’s first supply chain financing agreement in the country through a financial institution.
A panel discussion moderated by ADB's Head of Trade Finance Steven Beck and featured experts from WTO, BIDV, SCB, and ADBI marked the 7 September report launch held at a regional trade finance conference in Singapore.
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.
Number of TFP’s partner banks
Estimated global trade finance gap (2016)
Transactions supported by ADB TFP (2009-2015)
SMEs supported by TFP (2015)