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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