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 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

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

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search