男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

ADB boosts support for trade finance with $350m additional headroom

Xinhua | Updated: 2018-06-11 13:37
Share
Share - WeChat
A pizza delivery rider waits for an order outside a pizza restaurant in Beijing. [Photo/Agencies]

MANILA - The Asian Development Bank (ADB) on Monday approved $350 million in additional headroom to further expand the scope and impact of its Trade Finance Program (TFP).

Supporting more than 12,000 small and medium-sized enterprises (SMEs) in developing Asia since 2009, TFP helps reduce market gaps for trade finance by providing loans and guarantees to financial institutions to support trade activities in the region.

The ADB said the additional financing will increase TFP's limit to $1.35 billion, keeping up with the increasing market demand for trade finance from the program, which grew over 50 percent in 2017.

TFP is able to support trade financing well above its limit over the course of a year but not breaching the limit at any one point in time by recycling transactions with short maturities and leveraging co-financing.

"The increased headroom will help us meet the huge surge we've seen in market demand for our trade finance products," said Steven Beck, head of Trade and Supply Chain Finance of ADB.

"It is an exciting time for the team, which is known for its excellent client services, including transaction processing in 24 to 48 hours," Beck said.

Financial institutions in support of trade as well as SMEs play an important role in closing the global trade finance gap, which amounts to $1.5 trillion globally, 40 percent of which is coming from the Asia and Pacific region, according to ADB's latest Trade Finance Gap survey.

TFP has guaranteed or funded 5,583 transactions in 2016 and 2017 alone, valued at $7.6 billion, with cofinancing reaching $4.6 billion.

TFP currently operates in 21 ADB members, with the top five most active markets including Armenia, Bangladesh, Pakistan, Sri Lanka and Vietnam.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 南召县| 江安县| 苏尼特左旗| 开鲁县| 林西县| 扶绥县| 汉沽区| 靖远县| 六盘水市| 绥滨县| 遂宁市| 张掖市| 万盛区| 西乡县| 安丘市| 资阳市| 延长县| 澄城县| 同德县| 通渭县| 孟连| 晋州市| 成都市| 兴宁市| 龙江县| 德令哈市| 彰化市| 基隆市| 内黄县| 沂水县| 威海市| 临泉县| 昌图县| 呈贡县| 东乌珠穆沁旗| 常德市| 新干县| 芜湖县| 牙克石市| 沙河市| 保靖县|