India’s Axis Bank has signed an agreement with the Asian Development Bank (ADB) to support supply chain financing, the bank announced on its website Friday (April 8). According to Axis, ADB will provide guarantees for Axis’ lending, with the program’s initial foundational ramp-up coming in at...
The Asian Development Bank, which ramped up the trade finance industry’s focus on broadening access to small businesses after releasing a report that estimated the global trade finance gap now stands at $1.5 trillion, has released new analysis warning of the impact a lack of...
The Asian Development Bank (ADB), which recently pegged the world’s trade finance gap at $1 trillion, is launching a new trade finance tool aimed at combatting money laundering. Reports in The Financial Express on Tuesday (Sept. 4) said the ADB is launching its Trade Finance Scorecard,...
Global financial institution Citi is expanding its existing partnership with the Asian Development Bank (ADB) to share risk in trade finance transactions, reports in The Financial said Friday (May 11). The ADB’s Trade Finance Program reached a deal worth $100 million with Citi that sees...
February 02, 2023
A “huge financing gap,” estimated at $2 trillion globally, is holding back international trade. Steven Beck, head of trade and supply chain finance program at the Asian Development Bank (ADB), told ANC that figure is up from $1.7 trillion years ago. Small and medium-sized businesses (SMBs), especially those led by women, have been most impacted, […]
