ADB ups support for region’s trade finance
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between US$800 million and $1.2 billion in countries with limited financing from priv-ate financial institutions… Steven Beck, a senior investment specialist in ADB’s private sector operations department, said TFP currently works with ACLEDA bank in Cambodia to support trade and SMEs in the country. …
