Asian Development Bank and Citi agree $100m annual Apac trade facility
ADB’s Trade and Supply Chain Finance Program has supported around $57bn of trade in emerging markets since it was established in 2009.
The Asian Development Bank (ADB) and Citi have signed a ‘master risk participation agreement’ for supply chain financing for small and medium-sized enterprises (SMEs) to aid around $100 million in additional annual trade across Asia Pacific (Apac), according to a May 6 announcement.
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