ADB Inks Risk Distribution Deal for Trade Initiative

The Asian Development Bank signed a risk distribution agreement May 2 with the Netherlands Development Finance Co. as part of the bank’s USD1 billion Trade Finance Facilitation Program, which seeks to boost international trade through the provision of loans and guarantees.

Since ADB will be able to share with FMO the risk it takes on its loans and guarantees, it will be able to offer more support through the TFFP, according to the bank. FMO, for its part, will be able to expand its trade finance portfolio in developing Asia.

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  • Rolf Rosenkranz

    Rolf Rosenkranz oversees a talented team of in-house journalists, correspondents and guest contributors located around the globe. Since joining Devex in early 2008, Rolf has been instrumental in growing its fledgling news operation into the leading online source for global development news and analysis. Previously, Rolf was managing editor at Inside Health Policy, a subscription-based news service in Washington. He has reported from Africa for the Johannesburg-based Star and its publisher, Independent News & Media, as well as the Westdeutsche Allgemeine Zeitung, a German daily.