Home / Knowledge / News / Textiles / ADB supports Trade Finance Program in Asian nations
ADB supports Trade Finance Program in Asian nations
09
Nov '12
Asian Development Bank's (ADB) Trade Finance Program (TFP) provides guarantees and loans to partner banks to support trade in its developing member countries.

This year alone, TFP will support more than $4 billion in trade. While TFP operates in 18 countries, its most active markets are Bangladesh, Pakistan, Viet Nam and Nepal. Over 40% of TFP’s portfolio supports trade between its developing member countries, and in the first six months of 2012, TFP supported 591 small and medium-sized enterprises (SMEs).

The program supports a wide range of trade transactions, from commodities and capital goods to medical supplies and consumer goods.

"The Program also supports a lot of transactions in the textile sector." the head of TFP, Steven Beck said.  "In particular, we frequently help partner banks finance the purchase of looms, sewing machines and cotton, much of it in Bangladesh, Pakistan and with some of the cotton coming from Uzbekistan."

In addition to the TFP, ADB is in the process of launching a Supply Chain Finance Program which is also projected to be active in the textile/garments sector.

Asian Development Bank (ADB)

Must ReadView All

Jalila Essaïdi working with cow dung to create fabrics. Courtesy: Mike Roelofs

Fashion | On 29th Aug 2016

From dung to fashion

Dutch designer Jalila Essaïdi has developed a new material using cow...

Textiles | On 29th Aug 2016

India to build China’s Keqiao like mega textiles city

NITI Aayog’s proposal to build a mega textile city on the lines of...

Apparel/Garments | On 29th Aug 2016

NRF welcomes release of online sales tax bill draft

The National Retail Federation (NRF), an apex body of US retailers,...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search