Original disclosure @ ADB website
Updated in EWS May 28, 2021
Disclosed by Bank Jun 12, 2019
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According to the bank document, the Trade Finance Program (TFP) reduces market gaps for trade finance by providing guarantees and loans to banks to support trade. As the single largest mobilizer of cofinance at ADB, TFP draws the private sector to close markets in developing member countries where otherwise they may not operate. Leveraging off its transactional work, TFP also closes gaps through knowledge products, providing valuable information to the private sector that enables them to operate in developing Asia.
The project objectives include:
(i) Total trade transactions supported 2009-2017: 16,607;
(ii) Intra-regional transactions 2009-2017: 12,654 (inclusive of 'Total trade' figure);
(iii) Bilateral trade transactions between DMCs supported 2009-2017: 3,809 (inclusive of 'Total trade' figure);
(iv) SME transactions 2009-2017: 12,055 (inclusive of 'Total trade');
(v) Total value of trade supported 2009-2017: $30 billion;
(vi) Cofinancing mobilized 2009-2017: $17.8 billion (inclusive of 'Total value' figure);
(vii) In-country seminars and/or training conducted 2012- 2017: 23;
(viii) TFP created the world's first default and loss statistics in trade finance - The Trade Finance Register - which is now managed by the International Chamber of Commerce; and
For more information, please see www.adb.org/tfp
According to the ADB website, this project is part of the bank's COVID-19 response. Please see more information at: https://www.adb.org/what-we-do/covid19-coronavirus.
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Beck, Steven
*There is no further information being disclosed at this stage of the project*
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