According to the bank website, "The importance of short-term trade finance in achieving the Global Sustainable Development Goals (SDGs) is explicitly recognised in the Addis Ababa Action Agenda on Financing for Development. Yet, ADB''s Trade Finance Gaps Growth and Jobs survey of September 2017 confirmed a global trade finance gap of $1.5 trillion, and determined that 40% of this gap is in Asia and the Pacific, with 74% of rejected trade finance transactions coming from SMEs. The Trade Finance Program (TFP) and this related technical assistance are focused on reducing market gaps for trade finance. TFP closes market gaps for trade finance by providing guarantees and loans to partner banks to support trade. In 2017 TFP supported 3,500 transactions valued at $4.5 billion. Over 85% of TFP's transactions support SMEs. In addition to doing transactions, TFP provides capacity building (technical assistance, training, seminars, work shops), through this TA, to partner banks, which contributes to closing gaps. More information can be found at www.adb.org/tfp."
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Beck, Steven
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main