The Asian Development Bank (ADB) and Citi have joined forces through a master risk participation agreement to enhance access to supply chain financing for small- and medium-sized enterprises (SMEs) across Asia and the Pacific, aiming to support over $100 million in additional annual trade.
Leveraging Citi's extensive network and ADB's presence in the region, the partnership amplifies the developmental impact of trade and supply chain finance. ADB Vice-President for Market Solutions Bhargav Dasgupta commented, “Supply chain financing plays a crucial role in boosting trade by providing essential capital to suppliers, leveraging relationships with larger corporate partners.”
ADB's Trade and Supply Chain Finance Program (TSCFP), through which SMEs will access financing from Citi, supports this initiative by providing loans and guarantees to partner banks.
TSCFP has supported $57 billion in trade transactions in emerging markets since 2009.
Press release by ADB. Read more here or in the PDF below.
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