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

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search