ADB backing trade finance facilitation frogram to stimulate international trade.

0 Comments | M2 Presswire, November, 2003

M2 PRESSWIRE-21 November 2003-ADB: ADB backing trade finance facilitation frogram to stimulate international trade(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:11212003 MANILA, PHILIPPINES - The Asian Development Bank (ADB) is helping to promote international trade in the Asian and Pacific region through a trade finance facilitation program (TFFP) approved today.

The TFFP will enable local banks in a number of ADB developing member countries (DMCs) to offer importers and exporters better access to reliable and reasonable terms and conditions for trade finance, boosting liquidity and stability in the trade finance system. ADB's overall exposure limit will be US$150 million under the program, which will offer three facilities without sovereign counter-guarantee:...